UniFiber (update)

UniFiber: in addition, UniFiber says that Asia Star Fund (ASF) has terminated the agreement to subscribe for 3.6b new shares in UniFiber, due to the FY12 Material Losses, which constitute a material adverse effect on the group. Recall, back in Mar 2012, ASF agreed to convert a US$35m loan and $12.2m loan to 1.1b new UniFiber shares at issue price of $0.05/ sh. With the deal called off, the $0.05 anchor price is also dissolved. UniFiber shares are down 45% at $0.024 in active trade.