Honbridge Holdings Limited : Announces Disposal of the Entire Issued Share Capital of Hill Talent Limited

?Press Release?

Honbridge Holdings Limited Announces Disposal of the Entire Issued Share Capital of Hill Talent Limited

(Hong Kong, 4 Jan, 2013) - Honbridge Holdings Limited (the "Company") announces that, on 4
Jan, 2013, the Company and Brilliant People Limited entered into the Disposal Agreement. The Company conditionally agreed to dispose of, and the Purchaser conditionally agreed to purchase Hill Talent Limited for the Consideration, being HK$715 million.
Hill Talent Limited beneficially owns as to 66% of the issued shares of Xianglan Brazil. Xianglan Brazil directly holds three exploration licences for the Disposal Mines in the Bahia State of Brazil. The main metal resource is manganese.
The Company is principally engaged in the exploration of mineral resources, trading of steel products and non-ferrous metals (including copper) and the production and sale of silicon products. The spokesman of the Company said, "Disposal of the entire issued share capital of Hill Talent Limited helps the Company to concentrate its financial resources on the development of Brazil SAM project."

~ End ~

For enquiries:

Honbridge Holdings Limited
Mr. William Liu
Tel: [phone]