Sarissa Resources Inc (SRSR)

[JoJoBoi]

Leveraging off of webpence, this is what I found.

Hainan Yaheng Property Development Co., Ltd. is 70% owned by AGILE PROPERTY HOLDINGS LTD as described here: http://corpsv.etnet.com.hk/webservice/jsp/SAMPLE1/COMPANY/ENG/CoInfoOthers.jsp?SUBTYPE=OTHERS&ENCODING=ENG&CLIENT=HENYEP&MAINTYPE=COMPANY&STOCKCODE=03383


The parent company, Agile Property Holdings has Total Assets of 90,755 RMB mn

Divide that by 6.35rmb to a dollar and that's $14,292 million dollars, as in $14.3 BILLION in TOTAL ASSETS!!!

You can view the company's financial statement here:
http://www.agile.com.cn/agile/Web/en/125/

This means the parent company is HUGE and able to support Sarissa in any of its financing needs!!!!!!

Agile Property Holdings Limited SEHK: 3383 is one of leading property developers in China, which is principally engaged in property development and operation, with extensive involvement in property management and commercial property and hotel operation, while enjoying a nationally renowned brand. Of which, “Agile” brand is a “famous trademark of China”. Agile, being listed on the Main Board of Hong Kong Stock Exchange in 2005, is one of the few property developers in China which are a constituent of the Hang Seng Composite Index, the Hang Seng Composite Size Index, the Hang Seng Mainland 100, and the Morgan Stanley Capital International (MSCI) China Index.

http://en.wikipedia.org/wiki/Agile_Property

Market Cap $4.0 Billion!

http://www.marketwatch.com/investing/stock/agpyy





webpence's prior post

Hainan Yaheng = HKHE ?

"Funds will also be used towards evaluating and pursuing a potential listing of HKHE."

Hainan has a few interesting job postings that were posted recently, which mention the following:

"Million gold mining companies in Canada Sarissa Resources Inc. company niobium ore (rare) project signed a stock purchase agreement, 000 gold mining companies Canada Sarissa Resources Inc. will have a 51% stake in the company. For the project listed in Hong Kong have laid a strong foundation. "

"Hainan Ya Heng Investment Development Co., Ltd. has just been established with a registered capital of 20 million"

http://translate.google.com/translate?hl=en&langpair=zh-CN|en&u=http://www.01hr.com/_company/i-674179918184.html

"The formation of the JV will include the funding necessary for the completion of a Bankable Feasibility Study (the "Study") for the project, (or the expenditure of $20 million towards the Study) and payments to Nio-Star."

http://finance.yahoo.com/news/sarissa-resources-announces-letter-intent-145100519.html