Peixin International NV logo

PEX - Peixin International NV News Story

PLN1.02 -0.1  -11.3%

Last Trade - 29/04/19

Sector
Industrials
Size
Micro Cap
Market Cap £n/a
Enterprise Value £n/a
Revenue £58.5m
Position in Universe th / 794

BRIEF-Peixin International has delay in investment in new Chinese plant

Thu 2nd July, 2015 7:32am
July 1 (Reuters) - Peixin International Group NV  PEX.WA : 
    * Said on Wednesday that due to delays of local Chinese 
government in expenditures into the infrastructure, the 
company's initial investments in the new plant had to be 
postponed  
    * Did not receive from the local Chinese government any 
settlements concerning new schedule of investment plan by June 
30 
    * Said still conducts consultations with the local 
government concerning modification of the investment schedule in 
the new plant, but doesn't expect their finalization in this 
year 
    * Says that in terms of investment scope, Peixin BVI was 
required particularly to invest no less than 250 million yuan  
($40.3 million) in the construction by June 30 
    * As delay in the modification of the investment schedule 
lies on the side of the local government, the company is not the 
subject of the contractual penalties 
 
      
     
 Source text for Eikon:  ID:nEM0192039   
 The company's announcement dated May 17, 2014:  ID:nEM1723247  
     
 Further company coverage:  PEX.WA   
    
 
 
 
($1 = 6.2044 Chinese yuan renminbi) 
 
 (Gdynia Newsroom) 
 ((gdynia.newsroom@thomsonreuters.com; +48 58 698 3920;))
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