Brief: China Ting Group Holdings Says Certain Customers Of OEM Business Of Group Have Gone Into Liquidation
18/01/2019 14:41
Jan 18 (Reuters) - China Ting Group Holdings Ltd 3398.HK :
* TWO CUSTOMERS OF OEM BUSINESS OF GROUP HAVE GONE INTO
LIQUIDATION, DEBT RESTRUCTURING AND ANALOGOUS PROCEEDINGS
* LATEST DEVELOPMENT EXPECTED TO AFFECT OPERATING RESULTS OF
GROUP
FOR YEAR ENDED 31 DECEMBER 2018
* BOARD SAYS IMPAIRMENT ALLOWANCE UP TO HK$47.5 MILLION FOR
SAID
ACCOUNT RECEIVABLES MAY NEED TO BE MADE FOR FY
* DEVELOPMENT EXPECTED TO AFFECT COLLECTION OF AMOUNT DUE
FROM
THESE CUSTOMERS & OPERATING RESULTS OF GROUP FOR FY
Source text for Eikon: urn:newsml:reuters.com:*:nHKS1B95b4
Further company coverage: 3398.HK
((Reuters.Briefs@thomsonreuters.com;))
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