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1812 — Shandong Chenming Paper Holdings News Story

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Brief: Shandong Chenming Paper Reports Disposal Of Equity Interest In Yujing Hotel

BRIEF-Shandong Chenming Paper Reports Disposal Of Equity Interest In Yujing Hotel

- 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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