Brief: Northeast Electric to dispose power capacitors company

Northeast Electric Development

17/09/2017 14:29

Sept 17 (Reuters) - Northeast Electric Development Co Ltd 
 000585.SZ  0042.HK  
    * Says proposes to dispose 100 percent equity in New 
Northeast Electric (Jinzhou) Power Capacitors Limited 
    * Says target assets in the transaction amounted to 135 
million yuan  ($20.61 million) 
    * Says upon the completion of the transaction, it will exit 
power capacitors industry with fierce competition 
 
 
    Source text: http://bit.ly/2wlImzF; http://bit.ly/2fsClH8 
    Further company coverage:  000585.SZ  0042.HK  
 
($1 = 6.5500 Chinese yuan renminbi) 
 
 (Reporting by Hong Kong newsroom) 
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Reuters Messaging: chyenyee.lee.reuters.com@reuters.net))