ASF GROUP LIMITED
Bennelong, 2/3B Macquarie Street
Sydney NSW 2000
Telephone: (61 2) 9251 9088
Facsimile: (61 2) 9251 9066 www.asfgroupltd.com
30 December 2013
The Manager
Company Announcements
Australian Stock Exchange Ltd
20 Bridge Street
Sydney 2000
via: www.asxonline.com
Dear Madam/Sir
Further to the announcement of ASF Group Limited ("ASF") dated 19 December 2013 in relation to the partial conversion and repayment to Star Diamond Developments Limited ("Star Diamond") of a principal amount of $3 million convertible loan facility ("Convertible Loan"), ASF is pleased to announce that Star Diamond has further converted $4 million Convertible Loan into 36,363,636 fully paid ordinary shares representing approximately
8.54% of the enlarged issued capital of ASF at a price of $0.11 per share ("Second
The issue price represents a premium of approximately 8.85% above the VWAP of ASF shares in the preceding five trading days. Shares for the Second Conversion are issued under the 15% threshold stipulated under Listing Rules 7.1. Following completion of the Second Conversion, the outstanding principal amount of the Convertible Loan has been reduced to $2 million.
Information about ASF
ASF is unique among ASX-listed public companies in Australia as a creator and facilitator of two-way cross-border investments, trade and funds management between China and Australia. Since its transformation into a Sino-Australian investment and trading house in
2006, ASF has focused principally on the identification, incubation and realisation of opportunities across various industries.
William Kuan Company Secretary Ph: +612 9251 9088
Fax: +612 9251 9066
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