Brief: Asia Pacific Wire & Cable announces sale of land and buildings at its Ningbo Pacific Cable subsidiary for US$8.8 mln

Asia Pacific Wire & Cable

31/03/2017 21:05

March 31 (Reuters) - Asia Pacific Wire & Cable Corp Ltd 
 APWC.O : 
    * Asia Pacific Wire & Cable announces sale of land and 
buildings at its Ningbo Pacific Cable subsidiary for us$8.8 
million and a restatement of prior financial statements 
    * Asia Pacific Wire & Cable Corp Ltd - deal for a cash 
purchase price of RMB 60.6 million 
    * Asia Pacific Wire & Cable Corp Ltd - sale of Ningbo's Land 
and Buildings resulted in a gain of approximately us$4.2 million 
    * Asia Pacific Wire & Cable Corp Ltd - company is also in 
process of selling machinery utilized in facility 
    * Asia Pacific Wire & Cable - sale includes 27,000 total 
square meter facility used in manufacture of electronic wire and 
about 11 acres of adjacent land 
 
Source text for Eikon:  ID:nGNXNSGGSa  
Further company coverage:  APWC.O  
 
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