Wah Nam International (HKG:0159) announced that it received on February 8 the approval from Australia's Foreign Investment Review Board for the acquisition of all of the shares of Brockman Resources Limited (BRM) not already held by it.

In accordance with the bid implementation agreement, the independent BRM directors intend to accept the conditional offer in respect of any BRM shares they own or control (representing approximately 11.35% of BRM shares currently in issue) on or before February 10. The 80% minimum acceptance condition remains outstanding. As at February 8, Wah Nam International's relevant interest in BRM is 59.95%.

Wah Nam International intends to extend the offer period to 4:00 p.m. Australian Western Standard Time on March 19.