Asian Equities News: 2015/06/19 ASX:SYR ASX:FXR ASX:ERI
19.06.2015 | ABN Newswire
Sydney, Australia (ABN Newswire) - Syrah Resources (ASX:SYR) is pleased to report the results of an Internal Economic Assessment (IEA) for a proposed coated spherical graphite facility in the United States. This IEA has been prepared with the assistance of China Aluminium International Engineering Corporation Limited (Chalieco) and a leading producer of coated spherical graphite. Managing Director, Tolga Kumova commented "The decision to incorporate spherical graphite production into the overall business strategy is driven by global customer demand and the appointment of a Chief Technology Advisor will strengthen Syrah's technical capability in this area.The Company looks forward to participating in the expected significant increase in the spherical graphite industry from lithium ion battery applications."
Flexiroam Limited (ASX:FRX) are pleased to announce that at the recently concluded 28th Southeast Asia Games ("SEA Games") held in Singapore from the 5th June 2015 to the 16th June 2015, the Olympic Council of Malaysia ("OCM") appointed the Company's wholly owned subsidiary Flexiroam Sdn Bhd ("Flexiroam") as a sponsor and preferred provider of roaming services of the Malaysian Contingent.
Flexiroam provided 1,000 Flexiroam customised SIM cards to members of the Malaysian Contingent, including officials and athletes who travelled to Singapore to participate in the SEA Games.
The company's managing director Jef Ong commented that "this relationship with the Olympic Council of Malaysia enabled Flexiroam customised SIM cards to be utilised by some of Malaysia's elite athletes and along with Asia wide coverage of the SEA Games provided a platform for great publicity and promotion in advance of the company's Asia wide expansion."
Erin Resources (ASX:ERI) is pleased to update investors on a commercially significant development for MGC Pharmaceuticals Pty Limited (MGC) with the execution of this multi-year, A$60 million Cannabidoil (CBD) resin offtake contract. This development follows the announcement on 18 May 2015 that Erin had entered into a binding heads of agreement with the option to acquire 100% of the issued capital of MGC.
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