Brief: Luzhou Bank Proposes To Issue SME Bonds Worth Not More Than RMB2 Bln, Proposes To Dispose Certain Collaterals

Luzhou Bank

25/06/2019 23:45

June 26 (Reuters) - Luzhou Bank Co Ltd  1983.HK :
    * BOARD PROPOSES TO ISSUE SME BONDS IN AGGREGATE AMOUNT OF
NOT
MORE THAN RMB2 BILLION
    * BOARD PROPOSES TO DISPOSE CERTAIN COLLATERALS BY WAY OF
PUBLIC
AUCTIONS
    * BANK EXPECTS THAT INTERIM PROFITS OF BANK IN 2019 WILL NOT
BE
AFFECTED BY DISPOSAL LOSSES OF THREE COLLATERALS
    * EXPECTS DISPOSAL LOSS OF ABOUT RMB69.6 MILLION TOGETHER
WITH
ESTIMATED DISPOSAL TAX, IF AUCTION IS COMPLETED AT APPRAISAL
PRICE

Source text for Eikon:  urn:newsml:reuters.com:*:nHKS8jk22l
Further company coverage:  1983.HK 

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