Brief: FDG Electric Vehicles Updates On Disposal Of Subsidiary
03/05/2018 13:22
May 3 (Reuters) - FDG Electric Vehicles Ltd 0729.HK :
* UNIT TO SELL ENTIRE ISSUED SHARE CAPITAL OF GIANT INDUSTRY
HOLDINGS LIMITED FOR RMB80 MILLION
* EXPECTS AN UNAUDITED LOSS OF ABOUT HK$177 MILLION FROM
DISPOSAL
* AS PART OF TRANSACTION, COMPANY AND ITS RELEVANT
SUBSIDIARIES
WILL PROVIDE ROYALTY FREE LICENSE TO YUNNAN COMPANY
Source text for Eikon: ID:nHKS6kFlNS
Further company coverage: 0729.HK
((Reuters.Briefs@thomsonreuters.com;))
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