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Investment house seeking Asian opportunities

INVESTMENT house Asset Backed Holdings, which holds a 42.5% stake in Chistmas Island miner Phosphate Resources Ltd (PRL), has taken a major step towards becoming an Asia-focused mining and chemical house with shareholders backing a move to rename the company CI Resources.

Noel Dyson
Investment house seeking Asian opportunities

It is also in the midst of bedding down a scheme of arrangement that will merge it with PRL to create an Australian Stock Exchange listed entity with annual revenues of about $50 million. ABH chairman...

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