Brief: Asia Energy Logistics Group Updates On Possible Restructuring Of Equity Interest In Railway Co's

Asia Energy Logistics

30/01/2019 11:56

Jan 30 (Reuters) - Asia Energy Logistics Group Ltd
 0351.HK :
    * ASIA ENERGY LOGISTICS GROUP UPDATES ON POSSIBLE
RESTRUCTURING OF
EQUITY INTEREST IN RAILWAY COMPANIES WHICH MAY INVOLVE A
SUBSTANTIAL DISPOSAL
    * RAILWAY CO'S IN A LETTER OF REQUEST, ASKED CHINA RAILWAY
TO PAY
RMB417 MILLION AS CAPITAL CONTRIBUTION FOR THE RAILWAY CO'S
    * CO DOES NOT CURRENTLY HAVE SUFFICIENT RESOURCES TO SATISFY
REQUEST OF RAILWAY CO'S WITHIN PRESCRIBED TIMEFRAME
    * BOARD BELIEVES THERE MAY BE A NEED TO RESTRUCTURE EQUITY
INTEREST COMPANY INDIRECTLY IN RAILWAY CO'S
    * POSSIBLE RESTRUCTURING MAY INVOLVE COMPANY DISPOSING OF
ITS
INDIRECT EQUITY INTEREST IN EACH OF RAILWAY COMPANIES

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