Brief: China High Speed Transmission Equipment announces disposal of equity interest in a unit

China High Speed Transmission Equipment

28/09/2017 13:26

Sept 28 (Reuters) - China High Speed Transmission Equipment 
Group Co Ltd  0658.HK  
    * Nanjing High Accurate entered into share transfer 
agreement with Fullshare Dazu Technology and Jiangsu Lipu 
    * Nanjing High Accurate agreed to transfer 40% & 30% equity 
interest in target co to Fullshare Dazu Technology & Jiangsu 
Lipu 
    * As result of transfer, it is expected that there will be a 
pre-tax gain of about RMB56 million 
    * Nanjing High Accurate agreed to transfer 40% and 30% 
equity interest for rmb101.4 million and rmb76 million 
respectively 
 
Source text for Eikon:  ID:nHKS16qCqN  
Further company coverage:  0658.HK  
 
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