Brief: China Gas Announces Termination Of Time Charter Contracts

China Gas Holdings

27/02/2024 15:07

Feb 27 (Reuters) - China Gas Holdings Ltd  0384.HK :
    * TERMINATION OF TIME CHARTER CONTRACTS
    * UNIT ENTERED INTO TERMINATION DEEDS EACH WITH CG FORTUNE
LEGEND
AND CG FORTUNE GLORY
    * PARTIES AGREED TO EARLY TERMINATION OF TIME CHARTER
CONTRACTS
    * DECREASE IN AGGREGATE AMOUNT OF RIGHT-OF-USE ASSETS
RECOGNISED
BY GROUP UNDER TERMINATION DEEDS HK$967.0 MILLION
    * WILL BE NO SALE PROCEEDS IN RELATION TO EARLY TERMINATION
OF
TIME CHARTER CONTRACTS
    * EXPECTED GAIN ON EARLY TERMINATION OF TIME CHARTER
CONTRACTS OF
HK$76 MILLION

Source text for Eikon:  ID:n11077618-1 
Further company coverage:  0384.HK 

 ((Reuters.Briefs@thomsonreuters.com;))