Brief: Hailan Holdings Updates On Impact Of Haikou People's Government Decision On Phase II Land

Hailan Holdings

31/01/2018 13:00

Jan 31 (Reuters) - Hailan Holdings Ltd  2278.HK : 
    * REFERS TO HAIKOU PEOPLE'S GOVERNMENT DECISION TO RECOVER 
STATE-OWNED CONSTRUCTION LAND USE RIGHT OF PHASE II WITHOUT 
COMPENSATION 
    * IF GOVERNMENT EXPROPRIATES PHASE II LAND WITHOUT 
COMPENSATION, 
CO EXPECTS FY RESULTS TO BE SIGNIFICANTLY AFFECTED 
    * SAYS FY RESULTS MAY INCLUDE IMPAIRMENT OF PHASE II LAND 
WITH 
BOOK VALUE OF RMB179.2 MILLION 
 
Source text for Eikon:  ID:nHKS3xzM0v  
Further company coverage:  2278.HK  
 
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