Brief: Founder Holdings Updates On Entrusted Loan To Peking Founder
29/12/2022 06:05
Dec 29 (Reuters) - Founder Holdings Ltd 0418.HK :
* UPDATE ON ENTRUSTED LOAN TO PEKING FOUNDER
* UNIT RECEIVED APPROXIMATELY RMB121 MILLION PURSUANT TO
PROPOSAL
* PROVISION FOR IMPAIRMENT IN AMOUNT OF ABOUT RMB121 MILLION
WILL
BE REVERSED
Source text for Eikon: ID:nHKS7LkFVm
Further company coverage: 0418.HK
((Reuters.Briefs@thomsonreuters.com;))
Recent news on Founder Holdings
See all newsBrief: Founder Holdings Expects FY Profit Attributable Not More Than HK$35 Million
Brief: Founder Holdings Says Guo Song Appointed As Executive Director
Brief: Founder Holdings Says Shao Xing Resigned As President
Brief: Founder Sees Loss Attributable Of Not More Than HK$6 Million For Six Months
Brief: Founder Holdings Says Hu Bin Resigned As An Executive Director