Brief: Minsheng Education Group Updates On Conversion Of Dianchi College Of Yunnan University
16/09/2020 02:27
Sept 16 (Reuters) - Minsheng Education Group Company Ltd
1569.HK :
* YUNNAN UNIVERSITY, DIANCHI CO & DIANCHI COLLEGE SIGNED
CONVERSION AGREEMENT
* ACCORDING TO CONVERSION AGREEMENT, DIANCHI COLLEGE WILL
PAY
YUNNAN UNIVERSITY TOTAL OF RMB280 MILLION IN FOUR INSTALLMENTS
* UNDER AGREEMENT, YUNNAN UNIVERSITY, DIANCHI CO, DIANCHI
COLLEGE
UNANIMOUSLY AGREED TO DIANCHI COLLEGE CONVERSION APPLICATION
* COMPENSATION FEES WILL BE RECOGNIZED AS ONE-TIME EXPENSES
IN
ANNUAL COMPREHENSIVE INCOME STATEMENT OF CO FOR YEAR ENDED 2020
Source text https://bit.ly/2E4NXQ9
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((Reuters.Briefs@thomsonreuters.com;))
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