Brief: Jiashili Group Says Unit Filed A Claim Against Certain Parties For Breach Of Strategic Cooperation Agreement
13/01/2020 09:53
Jan 13 (Reuters) - Jiashili Group Ltd 1285.HK :
* UNIT FILED A CLAIM WITH GUANGDONG KAIPING PEOPLE'S COURT
AGAINST
CERTAIN PARTIES FOR BREACH OF A STRATEGIC COOPERATION AGREEMENT
* IN EVENT THAT UNIT CANNOT RECOVER OUTSTANDING PREPAYMENT
AMOUNT
FROM KAILAN, CO WILL MAKE PROVISION IN ITS FY CONSOLIDATED
PROFIT
* IF PROVISION IS MADE, GROUP'S UNDERLYING BUSINESS PROFIT
FOR
YEAR ENDED DEC 31, 2019 WILL BE COMPARABLE TO THAT FOR PRIOR
YEAR
Source: (http://bit.ly/36Off6x)
Further company coverage: 1285.HK
((Reuters.Briefs@thomsonreuters.com;))
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