Brief: Moody Technology Says On 17 April, Unit Received Sales & Purchase Confirmation Dated 8 April

Moody Technology Holdings

20/04/2020 24:44

April 20 (Reuters) - Moody Technology Holdings Ltd
 1400.HK :
    * MOODY TECHNOLOGY HOLDINGS-ON 17 APRIL, UNIT RECEIVED SALES
&
PURCHASE CONFIRMATION DATED 8 APRIL
    * MOODY TECHNOLOGY-GROUP'S FACTORY BUILDINGS IN SHISHI CITY
SOLD
TO BUYER IN A PUBLIC AUCTION HELD BY SHISHI PEOPLE'S COURT OF
FUJIAN PROVINCE
    * MOODY TECHNOLOGY HOLDINGS LTD - DEAL FOR ABOUT RMB69.2
MILLION
    * MOODY TECHNOLOGY HOLDINGS LTD - ESTIMATED THAT GROUP WILL
RECORD
AN IMPAIRMENT LOSS FROM FORCED SALE
    * MOODY TECHNOLOGY- POST SUSPENSION OF PRODUCTION IN SHISHI
CITY,
SALES ORDERS FROM CUSTOMERS WILL BE  HANDLED BY GROUP'S
PRODUCTION LINE IN HUBEI
    * MOODY TECHNOLOGY HOLDINGS-DIRECTORS BELIEVE THAT FORCED
SALE
WILL NOT HAVE ANY MATERIAL EFFECT TO BUSINESS & OPERATIONS OF
GROUP

Source text for Eikon:  ID:nHKS7yM83P 
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