Brief: China High Speed Transmission Equipment notes media speculation regarding disposal of interest in Nanjing High Accurate Marine Equipment

China High Speed Transmission Equipment

26/04/2017 24:57

April 26 (Reuters) - China High Speed Transmission Equipment 
Group Co Ltd  0658.HK - 
    * Notes there are recent media speculation with regard to 
disposal of entire interest in nanjing high accurate marine 
equipment 
    * Consideration was arrived at between company and 
subscriber with reference to fair value of nanjing marine 
    * China high speed transmission equipment group co ltd - 
subscriber of disposal was an independent third party not 
connected with company 
    * Wishes to emphasize that nanjing marine has been in a net 
loss before disposal. 
    * Disposal is therefore expected to improve financial 
performance of group. 
 
Source text for Eikon:  ID:nHKS40Yxbz  
Further company coverage:  0658.HK  
 
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