Brief: Hang Tai Yue Group Updates On Possible Compensation Claim Involving Unit
21/02/2019 11:32
Feb 21 (Reuters) - Hang Tai Yue Group Holdings Ltd
8081.HK :
* INFORMED BY UNIT SHANGHAI EPRO SOFTWARE THAT ITS IS LIKELY
LIABLE TO PAY HUAWEI TECHNOLOGIES RMB43.5 MILLION AS
COMPENSATION
* HUAWEI TECHNOLOGIES WOULD CEASE ENGAGING UNIT IN ANY NEW
BUSINESS ACTIVITIES UNTIL SETTLEMENT OF COMPENSATION
* SEES COMPENSATION PAYABLE BY UNIT UNDER POSSIBLE
COMPENSATION
CLAIM TO HAVE ADVERSE IMPACT ON FY2018 AND FY19 AS WELL AS
BUSINESS OF UNIT
Source text for Eikon: ID:nHKScch5jb
Further company coverage: 8081.HK
((Reuters.Briefs@thomsonreuters.com;))
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