Feb 19 (Reuters) - National United Resources Holdings Ltd 0254.HK :
* NATIONAL UNITED RESOURCES HOLDINGS UPDATES ON ORDER FOR SOUTHGOBI SANDS TO PAY $11.5 MILLION TO FORMER UNIT PURSUANT TO PARTIAL ARBITRATION AWARD
* SGS PROPOSED IT WOULD PAY FIRST CONCEPT $2.6 MLN BY 3 INSTALMENTS IN MARCH, APRIL AND MAY 2020
* FIRST CONCEPT CONSIDERS THAT SUCH PROPOSAL IS UNACCEPTABLE & LESS THAN SUM SGS IS OBLIGED TO PAY
* FIRST CONCEPT TO PROCEED TO REQUEST FUNDS IN SGS'S ACCOUNTS BE WITHDRAWN & USED TO SATISFY DEBT OWED