China Railway Materials Corporation To Exercise Subscription Right For Additional FerrAus Limited (ASX:FRS) Shares
FerrAus Limited (ASX:FRS) (PINK:FRRAF) is pleased to advise that Union Park Company Limited (UPC), a wholly owned subsidiary of China Railway Materials Commercial Corporation (CRM), has, subject to the conditions below, exercised its right to subscribe for 3,005,753 additional FerrAus shares following the recent share placement to Wah Nam International Australia Pty Ltd (HKG:0159).