Brief: PYI Says Jiaxing Feeder Entered Agreement To Dispose 90% Equity In Jiaxing Port
16/12/2019 07:46
Dec 16 (Reuters) - PYI Corporation Ltd 0498.HK :
* JIAXING FEEDER ENTERED AGREEMENT FOR DISPOSAL OF 90%
EQUITY
INTEREST IN JIAXING PORT FOR ABOUT RMB373 MILLION
* PYI NANTONG ENTERED AGREEMENT FOR DISPOSAL OF 100% STAKE
IN PAUL
Y. CORP, WHICH HOLDS 40% STAKE IN JIANGYIN PORT FOR RMB286
MILLION
* ESTIMATED THAT REMAINING GROUP WILL RECORD TOTAL GAIN ON
DISPOSALS OF ABOUT RMB100 MILLION
Source text for Eikon: ID:nHKS9mkW7C
Further company coverage: 0498.HK
((Reuters.Briefs@thomsonreuters.com;))
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