Brief: Lam Soon Hong Kong says unit entered into agreement with Grain Bureau of Yixing City

Lam Soon Hong Kong

16/11/2016 09:51

Nov 16 (Reuters) - Lam Soon Hong Kong Ltd  0411.HK :  
    * Directors consider that relocation will not result in 
significant impact on operating results and financial position 
of group. 
    * Unit entered into an agreement with Grain Bureau of Yixing 
City in relation to relocation of Yixing Plant 
    * JSLSF shall construct new plant and estimated total 
investment amount, including among others, value of relocated 
land, is RMB120 million 
    * Total investment amount shall be funded partly by cash 
relocation compensation and balance by internal working capital 
of group 
 
Source text for Eikon:  ID:nHKSbtTR35  
Further company coverage:  0411.HK  
 
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