Brief: Irico Group New Energy, Hefei Photovoltaic And Irico New Material Enter 3 Contracts

IRICO New Energy

15/11/2019 10:24

Nov 15 (Reuters) - IRICO Group New Energy Co Ltd  0438.HK :
    * CO, HEFEI PHOTOVOLTAIC AND IRICO NEW MATERIAL ENTERED INTO
THREE
COMMERCIAL FACTORING CONTRACTS
    * FOR COMMERCIAL FACTORING CONTRACT I ZHONGGUANG WEALTH
SHALL PAY
TO CO CONSIDERATION FOR ASSIGNMENT, I.E. RMB29.5 MILLION
    * EXPECTS TO RECOGNIZE FINANCING COSTS FOR TRANSACTIONS
CONTEMPLATED UNDER CONTRACTS OF RMB10.6 MILLION
    * UNDER COMMERCIAL FACTORING CONTRACT II, ZHONGGUANG WEALTH
TO PAY
HEFEI PHOTOVOLTAIC CONSIDERATION FOR ASSIGNMENT RMB99.4 MILLION
    * FOR COMMERCIAL FACTORING CONTRACT III, ZHONGGUANG WEALTH
SHALL
PAY IRICO NEW MATERIAL CONSIDERATION FOR ASSIGNMENT RMB21.4
MILLION

Source text for Eikon:  ID:nHKSbsbVtX 
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