Brief: Avichina Industry & Technology Says Shareholder Of Co And Unit Plan Enter Equity Transfer Deal

AviChina Industry & Technology Co

21/03/2022 15:16

March 21 (Reuters) - AVICHINA INDUSTRY & TECHNOLOGY
 2357.HK :
    * CONTROLLING SHAREHOLDER OF CO AND UNIT ARE PLANNING TO
ENTER
EQUITY TRANSFER AGREEMENT
    * CONTROLLING SHAREHOLDER TO TRANSFER ITS 30.70% STAKE IN
AVIC
RENEWABLE ENERGY
    * UNIT TO TRANSFER ITS 21.30% STAKE IN AVIC RENEWABLE ENERGY
    * TRANSFERS AT TOTAL CONSIDERATION NOT LESS THAN RMB383.89
MILLION
    * EXPECTED THAT GROUP WILL REALISE GAIN ON DISPOSAL OF ABOUT
RMB14.73 MILLION

Source text for Eikon:  ID:nHKS5R09GB 
Further company coverage:  2357.HK 

 ((Reuters.Briefs@thomsonreuters.com;))