Band Rep Management, Inc. (OTCPK:BNRM) signed a letter of intent to acquire 60% stake in Hong Guang Marble Mine in Shaoguan City from Prosperity Marble Mining and Investment (HK) Ltd. on December 11, 2016. Deal is expected to close in 2017. Band Rep Management, Inc. (OTCPK:BNRM) cancelled the acquisition of 60% stake in Hong Guang Marble Mine in Shaoguan City from Prosperity Marble Mining and Investment (HK) Ltd. on December 11, 2017.