Brief: Fabchem China proposes disposal of entire equity interest in Hebei Yinguang Chemical Co

Lincotrade & Associates Holdings

16/06/2016 10:39

June 16 (Reuters) - Fabchem China Ltd  FBCH.SI : 
 * Proposed disposal of the entire equity interest in Hebei yinguang chemical 
   co., ltd.)  FBCH.SI  
 * Shandong yinguang technology co., has on 16 June 2016 entered into an equity 
   purchase agreement with wang jian 
 * Proposed disposal at the purchase price will give rise to an estimated net 
   gain on disposal of RMB 26.8 million as at 31 March 2016 
 * Says proposed disposal will allow the group to dispose of this loss-making 
   business and financial liability 
 
 * Source text for Eikon  ID:nSNZH110k  
 
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