Brief: Changfeng sells its stake in Caofeidian Evergrowth Energy

CF Energy

26/10/2016 24:21

Oct 25 (Reuters) - Changfeng Energy Inc  CFY.V  
    * Says sells its stake in Caofeidian Evergrowth Energy Co 
Ltd 
    * Says deal price for JV was satisfied through a cash 
payment of about RMB $13.0 million (cad$2.6 million) by COMC to 
Changfeng 
    * Says CFD group has also agreed to sell its interest in 
joint venture to COMC 
    * Changfeng says expects to realize an investment loss of 
about c$1.3 million on joint venture in 2016 
 
Source text for Eikon:  ID:nCCNJMcfB  
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