Brief: Shengli Oil & Gas Pipe's Unit Entered Land Resumption Agreement With Local Authority
26/04/2021 11:33
April 26 (Reuters) - Shengli Oil & Gas Pipe Holdings Ltd
1080.HK :
* UNIT ENTERED LAND RESUMPTION AGREEMENT WITH LOCAL
AUTHORITY TO
SURRENDER RESUMED LAND
* TO SURRENDER RESUMED LAND, CONSTRUCTION AND FIXTURES AT
CONSIDERATION OF AGGREGATE COMPENSATION OF RMB64.6 MILLION
* ESTIMATED THAT THERE WOULD BE GAIN BEFORE TAX OF ABOUT
RMB44.2
MILLION UNDER LAND RESUMPTION AGREEMENT
Source text for Eikon: ID:nHKS88pcbh
Further company coverage: 1080.HK
((reuters.briefs@thomsonreuters.com))
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