Brief: Loco Hong Kong Management Reclassifies Shanghai Friction As An Associate Co

Loco Hong Kong Holdings

03/07/2018 16:12

July 3 (Reuters) - Loco Hong Kong Holdings Ltd  8162.HK :
    * MANAGEMENT CONCLUDED AFTER REVIEW THAT CERTAIN BUSINESS
SEGMENTS
COULD NOT REACH APPROPRIATE SCALE & GENERATE INVESTMENT RETURN
    * PROPOSED TO BOARD TO TERMINATE CERTAIN BUSINESS SEGMENTS
COULD
NOT REACH APPROPRIATE SCALE AND GENERATE COMMENSURATE INVESTMENT
    * CO ANNOUNCES DISPOSAL OF SHANGHAI FRICTION WHICH SHALL BE
RECLASSIFIED AS AN ASSOCIATE INSTEAD OF A UNIT

Source text for Eikon:  ID:nHKS5Wy23T 
Further company coverage:  8162.HK 

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