Brief: GRP Ltd's Units Get Notices Of Administrative Penalty On 15 Nov
19/11/2021 10:42
Nov 19 (Reuters) - GRP Ltd GRPS.SI :
* UNITS GET NOTICES OF ADMINISTRATIVE PENALTY FROM STATE
ADMINISTRATION OF FOREIGN EXCHANGE HANZHONG CITY CENTRAL BRANCH
ON 15 NOV
* BOARD DECIDED TO ACCEPT NOTICES
* DOES NOT EXPECT PAYMENT OF PENALTY TO HAVE A MATERIAL
IMPACT ON
GROUP'S OPERATIONS
* NOTICES TO IMPOSE PENALTY OF 10% OF FUNDS TRANSFERRED IN
ACCORDANCE WITH ARTICLE 45 OF REGULATIONS OF PRC ON FOREIGN
EXCHANGE ADMINISTRATION
Source text for Eikon: ID:nSN2QB3h3
Further company coverage: GRPS.SI
((Reuters.Briefs@thomsonreuters.com;))
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