Brief: Cnqc International Says Unit Entered Investment Agreement For Capital Injection Of Rmb50 Mln

CNQC International Holdings

04/11/2020 14:14

Nov 4 (Reuters) - CNQC International Holdings Ltd  1240.HK :
    * UNIT ENTERED INVESTMENT AGREEMENT FOR CAPITAL INJECTION OF
RMB50
MILLION IN SHANDONG TAIXUN PREFABRICATED BUILDING TECHNOLOGY
    * POST DEAL, GROUP'S STAKE IN SHANDONG TAIXUN PREFABRICATED
BUILDING TECHNOLOGY WILL DECREASE TO 47%
    * UNDER DEAL, SHANGHAI GETAI, BEIJING BOHAI & QINGJIAN GROUP
SHALL
INJECT RMB10 MILLION, RMB4.75 MILLION & RMB35.25 MILLION IN
TARGET CO
    * EXPECTED THAT NO MATERIAL GAIN OR LOSS WILL BE RECORDED BY
GROUP
FROM DEEMED DISPOSAL

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