Brief: Orient Overseas (International) Says Unit To Dispose 25.9% Stake In JV With Cosco Logistics & JD Logistic

JD Logistics

16/02/2022 10:38

Feb 16 (Reuters) - Orient Overseas (International) Ltd
 0316.HK :
    * AS OF DATE, UNIT TO DISPOSE 25.9% OF EQUITY INTEREST IN JV
WITH
COSCO SHIPPING LOGISTICS AND JD LOGISTIC
    * GOLD TALENT HAS AGREED TO SELL & JD LOGISTICS HAS AGREED
TO
PURCHASE DISPOSAL INTEREST
    * DISPOSAL AT A CONSIDERATION OF RMB19.9 MILLION
    * UPON DISPOSAL ,GOLD TALENT WILL CEASE TO HOLD ANY INTEREST
IN
JOINT VENTURE
    * DISPOSAL WILL HAVE NO MATERIAL ADVERSE IMPACTS ON BUSINESS
OF
GROUP
    * ALL OF GOLD TALENT'S RELEVANT RIGHTS AND OBLIGATIONS UNDER
DISPOSAL INTEREST WILL BE TRANSFERRED TO JD LOGISTICS

Source text for Eikon:  ID:nHKS8BTKkb 
Further company coverage:  0316.HK 

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