Brief: Irico Group New Energy Co To Sell 51% Stake In Zhuhai Caizhu For RMB131.9 Mln

IRICO New Energy

03/05/2018 14:12

May 3 (Reuters) - IRICO Group New Energy Co Ltd  0438.HK :
    * TO SELL 51% STAKE IN ZHUHAI CAIZHU TO ZHONGDIAN IRICO FOR
RMB131.9 MILLION
    * EXPECTS GAIN FROM PROPOSED DISPOSAL OF ABOUT RMB144.4
MILLION
    * UPON COMPLETION OF PROPOSED DISPOSAL, CO TO HOLD 49%
EQUITY
INTEREST IN ZHUHAI CAIZHU, AND IT WILL CEASE TO BE UNIT OF CO

Source text for Eikon:  ID:nHKS7tNBJ4 
Further company coverage:  0438.HK 

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