Lotus completes sale of Mongolian mining subsidiary
StockMarketWire.com - Lotus Resources has completed the sale of its Mongolian mining subsidiary, Lotus Minerals Mongolia, to Mongolian Minerals.
Lotus said the terms and conditions remain as announced on 29 October.
Lotus also said that as part of its repositioning and the development of its future strategy, it had appointed Gobind Sahney as executive chairman.
Sahney is managing member of GO Services, an investment management firm specialising in the purchase, trading, and recovery of stressed, distressed, and delinquent consumer and commercial receivable portfolios in the US, Europe, and Great Britain.
Lotus said the terms and conditions remain as announced on 29 October.
Lotus also said that as part of its repositioning and the development of its future strategy, it had appointed Gobind Sahney as executive chairman.
Sahney is managing member of GO Services, an investment management firm specialising in the purchase, trading, and recovery of stressed, distressed, and delinquent consumer and commercial receivable portfolios in the US, Europe, and Great Britain.
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