Brief: Far East Holdings International Says Board To Cease Business Of Jiangsu Bangbang

Far East Holdings International

14/10/2019 14:59

Oct 14 (Reuters) - Far East Holdings International Ltd
 0036.HK :
    * FAR EAST HOLDINGS INTERNATIONAL LTD -  UNIT ENTERED INTO
AN
AGREEMENT WITH HAIMEN PEOPLE'S GOVERNMENT
    * FAR EAST HOLDINGS INTERNATIONAL - DEAL FOR RECOVERY OF
STATE-OWNED LAND USE RIGHT OF A PARCEL OF LAND OWNED BY JIANGSU
BANGBANG
    * FAR EAST HOLDINGS INTERNATIONAL - DUE TO SIGNIFICANT DROP
IN
BUSINESS, UPON RECEIVING GOVERNMENT NOTIFICATION, BOARD TO CEASE
BUSINESS OF JIANGSU BANGBANG
    * FAR EAST HOLDINGS INTERNATIONAL-GARMENT MANUFACTURING
INDUSTRY
BUSINESS EXIT TO HAVE NO MATERIAL ADVERSE IMPACT ON OTHER
EXISTING BUSINESS OPERATIONS
    * FAR EAST HOLDINGS INTERNATIONAL-UPON RECEIVING GOVERNMENT
NOTIFICATION, CO TO CLOSE GARMENT MANUFACTURING BUSINESS DUE TO
SEGMENTAL LOSS IN GARMENT BUSINESS

Source text for Eikon:  ID:nHKS7vdzvg 
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