Brief: Chengdu Expressway Says Waiver on Tolls During Covid-19 Containment To Result In Significant Revenue Decline
16/02/2020 17:58
Feb 16 (Reuters) - Chengdu Expressway Co Ltd 1785.HK :
* MINISTRY OF TRANSPORT DETERMINED TOLLS OF TOLL EXPRESSWAYS
IN
CHINA TO BE WAIVED DURING CONTAINMENT OF COVID-19
* WAIVER WILL RESULT IN A SIGNIFICANT DECLINE IN REVENUE OF
GROUP
DURING CONTAINMENT OF COVID-19
* SEES MATERIAL NEGATIVE IMPACT ON GROUP'S FINANCIAL
POSITION AS
OF 30 JUNE 2020 AND H1 2020 OPERATING RESULTS
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Further company coverage: 1785.HK
((Reuters.Briefs@thomsonreuters.com;))
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