Brief: Hailan Holdings Expects Financial Statements For FY 2018 To Be Significantly Affected

Hailan Holdings

11/05/2018 14:30

May 11 (Reuters) - Hailan Holdings Ltd  2278.HK :
    * UNIT COLLECTED STATE-OWNED CONSTRUCTION LAND USE RIGHT
DECISIONS
ISSUED BY DANZHOU PEOPLE'S GOVERNMENT
    * DECISION STATES LANDS RECOVERED WITHOUT COMPENSATION FOR
REASON
THAT IT WAS UNABLE TO BE DEVELOPED AND CONSTRUCTED ON SCHEDULE
    * RELEVANT GOVERNMENT AUTHORITIES HAVE NOT YET GRANTED
RELEVANT
PERMITS, MAKING CO UNABLE TO PROCEED WITH DEVELOPMENT OF LAND
    * ESTIMATED THAT CO'S FINANCIAL STATEMENTS FOR FY DECEMBER
2018
WILL BE SIGNIFICANTLY AFFECTED DUE TO GOVERNMENT DECESION

Source text for Eikon:  urn:newsml:reuters.com:*:nHKS6hfkp4
Further company coverage:  2278.HK 

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