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1983 - Luzhou Bank Co News Story

HK$3.1 0.0  0.0%

Last Trade - 1:00am

Sector
Financials
Size
Mid Cap
Market Cap £640.3m
Enterprise Value £1.44bn
Revenue £349.4m
Position in Universe 1142nd / 6100

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

Tue 25th June, 2019 11:45pm
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;))
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