Brief: GS Holdings Says Board To Grant Secured Outlets Waiver Of 5 Months Of Service Fees

Octopus (APAC) Holdings

26/06/2020 13:49

June 26 (Reuters) - GS Holdings Ltd  GSHO.SI :
    * BOARD TO GRANT SECURED OUTLETS WAIVER OF 5 MONTHS OF
SERVICE
FEES OF RMB 83.3 MILLION FROM 16 JAN TO 15 JUNE
    * WAIVER EXPECTED TO HAVE SUBSTANTIAL IMPACT ON REVENUE &
EARNINGS
FOR FIRST HALF OF FY ENDING 30 JUNE
    * EXPECTS TO ENTER INTO FURTHER BOP AGREEMENTS WITH
ADDITIONAL BOP
OUTLETS IN H2 OF FY20
    * ADDITIONAL REVENUE FROM NEW BOP AGREEMENTS MAY CUSHION
FINANCIAL
IMPACT THAT GROUP MAY SUFFER IN H1

Source text for Eikon:  ID:nSNZ8VR4kc 
Further company coverage:  GSHO.SI 

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