Brief: Auto Italia Holdings says unit received advice from Ferrari to terminate import and distribution rights

Auto Italia Holdings

29/11/2016 22:06

Nov 30 (Reuters) - Auto Italia Holdings Ltd   0720.HK : 
    * Company is in discussion with Ferrari for transition 
arrangement 
    * Board considers that cessation of Ferrari business will 
have no material adverse impact on profitability of group. 
    * Unit of co, received advice from ferrari to terminate 
import and distribution rights of "Ferrari" cars in Hong Kong 
and Macau with effect from 27 may 2017 
    * Will continue to carry on businesses of import, 
distribution and provision of after-sales services of "Maserati" 
cars in Hong Kong And Macau 
 
Source text for Eikon:  ID:nHKS7YkZlY  
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