Brief: Chu Kong Shipping Enterprises Updates On Expropriation And Compensation Of Foshan New Port

Chu Kong Shipping Enterprises Co

28/06/2019 12:31

June 28 (Reuters) - Chu Kong Shipping Enterprises Group Co
Ltd  0560.HK :
    * FOSHAN NEW PORT LIMITED ENTERED INTO AN EXPROPRIATION &
COMPENSATION AGREEMENT WITH GOVERNMENT AUTHORITY OF FOSHAN
    * GOVERNMENT AUTHORITY OF FOSHAN EXPROPRIATE STATE-OWNED
LAND USED
BY FOSHAN NEW PORT STRUCTURES, AND ANY GROUND ATTACHMENTS
    * COMPENSATION FOR EXPROPRIATION IS ABOUT RMB446.8 MILLION
    * ESTIMATED THAT FOSHAN NEW PORT WILL RECORD A GAIN OF ABOUT
RMB256.8 MILLION FROM THE EXPROPRIATION &COMPENSATION

Source text for Eikon:  ID:nHKScbfjCh 
Further company coverage:  0560.HK 

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