Brief: Shengli Oil & Gas Pipe Holdings Announces Disposal Of Shareholding In Shanghai Guoxin
15/08/2019 16:27
Aug 15 (Reuters) - Shengli Oil & Gas Pipe Holdings Ltd
1080.HK :
* ANNOUNCES DISPOSAL OF SHAREHOLDING IN SHANGHAI GUOXIN AND
* EXPECTED TO RECORD A TOTAL COMPREHENSIVE LOSS IN RANGE OF
ABOUT
RMB60- 70 MILLION FOR HY
* UNIT TO SELL 45% STAKE IN SHANGHAI GUOXIN INDUSTRIAL FOR
RMB200 MILLION TO SHENZHEN ZHONGCHENG NEEQ INVESTMENT CORP
* EXPECTED RESULT DUE TO LOSS FROM FAIR VALUE CHANGE OF
NON-CURRENT ASSETS HELD FOR SALE DUE TO DISPOSAL OF ABOUT
RMB24.5 MILLION
Source text for Eikon: urn:newsml:reuters.com:*:nHKS8TFcdd
Further company coverage: 1080.HK
((Reuters.Briefs@thomsonreuters.com;))
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