Brief: Chongqing Machinery & Electric announces accounts receivable claim assignment contract with Yukang Co

Chongqing Machinery & Electric

28/12/2016 13:34

Dec 28 (Reuters) - Chongqing Machinery & Electric Co Ltd 
 2722.HK  
    * Jilin Chongtong, Chongqing Machine Tools, Qijiang Gear 
Transmission and Chongqing Pump entered accounts receivable 
claim assignment contract 
    * Entered accounts receivable claim assignment contract with 
Yukang Company 
    * Total consideration for disposal of subject claim is 
rmb345.3 million 
    * Total transaction cost is rmb4.7 million 
 
Source text for Eikon:  ID:nHKSb7JM9M  
Further company coverage:  2722.HK  
 
 ((Bangalore.newsroom@thomsonreuters.com;))