Brief: Forise International intends to dispose of excess fixed assets of manufacturing segment

Heptamax International

09/05/2016 16:22

May 9 (Reuters) - Forise International Ltd  FOIL.SI : 
 
 * Co intends to dispose of excess fixed assets related to manufacturing segment of group's business 
 * On 6 April 2016 entered into a sale and purchase agreement to sell 
subsidiaries related to the group's manufacturing segment 
 * Group is now focused on trading of higher margin products, expects to 
continue to maintain this strategy for the year 
 * Weakening of the PRC economy that might impact the group's trading business 
 * Source text for Eikon  urn:newsml:reuters.com:*:nSNZ6r9vKy 
 
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