GSH and Fujian Jinnan had agreed to a 50 business day exclusivity period starting from the date of the agreement. The agreement was terminated automatically since both companies did not enter into any definitive agreements within the 50 days. GSH says in a bourse filing on Dec 23 that it will proceed with its development plans for the project.
GSH shares closed 0.5 cents lower, or 2.33% down, at 21 cents on Dec 23.
