Brief: Shandong Chenming Paper Reports Disposal Of Equity Interest In Yujing Hotel
BRIEF-Shandong Chenming Paper Reports Disposal Of Equity Interest In Yujing Hotel June 12 (Reuters) - Shandong Chenming Paper Holdings Ltd 000488.SZ:
DISPOSAL OF EQUITY INTEREST IN YUJING HOTEL
SHOUGUANG CULTURAL TOURISM INVESTMENT TO ACQUIRE 90.05% STAKE IN YUJING HOTEL, TARGET DEBTS
DEAL FOR RMB316.67 MILLION
TARGET DEBTS ARE DEBTS OWNED BY UNIT WITH CARRYING AMOUNT OF RMB199.5053 MILLION
EXPECTED TO RECORD BOOK GAIN FROM DISPOSAL OF RMB191 MILLION
Further company coverage: 000488.SZ
((Reuters.Briefs@thomsonreuters.com;))
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