Brief: Asia Tele net updates on a substantial disposal

Asia Tele-Net and Technology

30/11/2015 13:57

Nov 30 (Reuters) - Asia Tele-Net and Technology Corp Ltd  0679.HK : 
 
 * Net-inside information - update on very substantial disposal  0679.HK  
 * Project co received approval letter dated 25 November 
 * Pursuant to agreement, pasl agreed to vacate land, demolish buildings and deliver land to Shenzhen warmsun for re-development 
 * Approval letter confirming that construction and environment review committee approved planning proposal 
 * Says in consideration of arrangement Shenzhen warmsun shall pay a relocation compensation of RMB50 million to pasl 
 * Project co yet to agree on land premium payable to local government 
 
 * Source text for Eikon  ID:nHKSFpmdn  
 
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