Brief: Chevalier International Holdings updates on changes to board compositions of Unit

Chevalier International Holdings

30/03/2017 10:47

March 30 (Reuters) -    Chevalier International Holdings 
Ltd  0025.HK : 
    * Unit agreed to implement certain changes to board 
compositions of qi yang chevalier investment 
    * "it is expected that revenue of group will be increased 
after changes due to inclusion of qy group's revenue" 
    * QY group have been accounted for as interest in associates 
in consolidated financial statements of group 
    * As a result of changes, cih bvi shall be able to control 
respective board of directors of qy chevalier and qy chengdu 
    * Changes however are not expected to result in any material 
changes to group's net assets and net profits attributable to 
shareholders 
    * There has not been any changes to respective equity 
interest held by cih bvi and qy holdings in qy chevalier 
 
 
     
    Source text (http://bit.ly/2nDlbv2) 
    Further company coverage:  0025.HK  
 
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