Brief: Sanok Rubber Company Signs Conditional Deal To Sell 79.71% Stake In Unit To Qingdao Zhangshi Shangija Technology

Sanok Rubber SA

29/04/2022 16:51

April 29 (Reuters) - Sanok Rubber Company SA  SNK.WA :
    * SIGNS DEAL WITH QINGDAO ZHANGSHI SHANGIJA TECHNOLOGY FOR
SALE OF
79.71% STAKE IN COMPANY'S UNIT QMRP
    * IN CONNECTION TO FULFILLMENT OF DEAL'S CONDITION COMPANY
TO BOOK
WRITE-DOWNS FOR ASSETS IN QMRP
    * TOTAL ESTIMATED VALUE OF WRITE-DOWNS WILL HAVE NEGATIVE
IMPACT
FOR GROUP'S STANDALONE FINANCIAL RESULTS FOR 2022 OF ABOUT 12.7
MILLION ZLOTYS
    * DUE TO SAID TRANSACTION COMPANY TO ALSO BOOK WRITE-DOWN
FOR
ABOUT 2.1 MILLION ZLOTYS ON PART OF GOODWILL

Source text for Eikon:  ID:nEM4j7Hb9a 
Further company coverage:  SNK.WA 

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