Brief: Century Ginwa Retail Holdings announces closure of the Xinjiang Youhao Store
18/08/2016 12:00
Aug 18 (Reuters) - Century Ginwa Retail Holdings Ltd 0162.HK : * Voluntary announcement closure of the Xinjiang Youhao Store 0162.HK * Group is expected to incur further loss of approximately RMB86 million " * Says the group has been closed on 1 August 2016 due to unsatisfactory operational results * Expected that there would be recognition of a gain on deconsolidation of a subsidiary of approximately hk$35 million upon completion of closure" * Board does not expect that the closure of the store would have material effect on the operation of the group * Source text for Eikon ID:nHKS41wRlc * ((Further company coverage: 0162.HK )) ((Bangalore.newsroom@thomsonreuters.com))
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