Brief: FDG Electric Vehicles Updates On Settlement Deed
21/11/2019 14:26
Nov 21 (Reuters) - FDG Electric Vehicles Ltd 0729.HK :
* ANNOUNCES SETTLEMENT DEED UNDER WHICH PARTIES THERETO
AGREE TO
DISCONTINUE HONG KONG PROCEEDINGS
* UPON SETTLEMENT OF INVESTIGATION COSTS, CO'S OBLIGATIONS
UNDER
CONVERTIBLE BONDS OF ABOUT HK$760.8 MILLION TO BE FULLY
DISCHARGED
* ONE-OFF GAIN OF ABOUT HK$759.8 MILLION TO BE RECOGNISED IN
CONSOL P&L STATEMENT FOR YEAR ENDING 31 MARCH 2020
Source text for Eikon: urn:newsml:reuters.com:*:nHKS2P1Z1
Further company coverage: 0729.HK
((Reuters.Briefs@thomsonreuters.com;))
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