Brief: Global Sweeteners Holdings Suspends Production Of Jinzhou Dacheng Food Development

Global Corn

24/09/2019 11:26

Sept 24 (Reuters) - GLOBAL Sweeteners Holdings Ltd
 3889.HK :
    * MANAGEMENT DECIDED TO SUSPEND PRODUCTION OF JINZHOU
DACHENG FOOD
DEVELOPMENT UNTIL MARKET CONDITIONS IMPROVE
    * MANAGEMENT OF GROUP HAS DECIDED TO SUSPEND PRODUCTION OF
SUBSIDIARY OF COMPANY UNTIL MARKET CONDITIONS IMPROVE
    * CITES POOR SENTIMENT OF SWEETENERS MARKET IN NORTHEAST
CHINA AND
TIGHTENED WORKING CAPITAL OF GROUP FOR SUSPENSION
    * SUSPENSION DUE TO POOR SENTIMENT OF SWEETENERS MARKET IN
NORTHEAST CHINA AND TIGHTENED WORKING CAPITAL OF GROUP
    * JINZHOU DACHENG IS PRINCIPALLY ENGAGED IN MANUFACTURE AND
SALE
OF CORN SWEETENERS
    * EXPECTED SUSPENSION WOULD NOT HAVE ANY MATERIAL ADVERSE
EFFECT
ON FINANCIAL POSITION OF GROUP FOR YEAR ENDING 31 DEC 2019

Source text for Eikon:  urn:newsml:reuters.com:*:nNDL6jK3Q
Further company coverage:  3889.HK 

 ((Reuters.Briefs@thomsonreuters.com;))