Brief: Guangzhou Rural Commercial Bank Intends To Adjust Range Of Depreciation Term Of Buildings To 10 To 40 Years From Current 10 To 20 Years
12/08/2022 13:58
Aug 12 (Reuters) - Guangzhou Rural Commercial Bank Co Ltd
1551.HK :
* BANK INTENDS TO ADJUST RANGE OF DEPRECIATION TERM OF
BUILDINGS
TO 10 TO 40 YEARS FROM CURRENT 10 TO 20 YEARS
* AFTER ADJUSTMENT OF DEPRECIATION TERM, SEES FY NET PROFIT
WILL
INCREASE BY RMB72 MILLION
Further company coverage: 1551.HK
((Reuters.Briefs@thomsonreuters.com;))
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