According to the announcement filed with ASX on 27 Oct, Eastern Resources (ASX:EFE) $Eastern Resources Ltd(EFE.AU)$ said proceeds of $2 million from Ya Hua International $雅化集团(002497)$ via a placement in September have been received, meaning that transaction has been successfully completed and Ya Hua becomes a substantial shareholder with 10.28% interest in the company.Eastern Resources said it remained well funded and is ready for upcoming project exploration work.Just days before the completion of this transaction, Ya Hua Group has made an announcement to end its acquisition of equities in a Canada based company Ultra Lithium Ltd (TSX.V:ULT) and two lithium projects owned by the company. Ya Hua explained