Brief: Shanghai Industrial Units Enter A Compensation Deal With Shanghai Transportation Commission And Shanghai Municipal Investment
22/06/2021 16:21
June 22 (Reuters) - Shanghai Industrial Holdings Ltd
0363.HK :
* UNITS ENTERED A COMPENSATION AGREEMENT WITH SHANGHAI
TRANSPORTATION COMMISSION AND SHANGHAI MUNICIPAL INVESTMENT
* SHANGHAI TRANSPORTATION COMMISSION TO PAY 3 UNITS SUM OF
RMB853
MILLION, RMB506 MILLION AND RMB2,194 MILLION BY JUNE 30
* ECONOMIC COMPENSATION FOR THE REDUCTION OF TOLL FEE
REVENUE
ARISING FROM THE TOLL WAIVERS
Source text for Eikon: ID:nHKS7Hfnyn
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((Reuters.Briefs@thomsonreuters.com;))
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