Brief: Shengli Oil & Gas Pipe Says Unit To Transfer 8.9% Stake Of Hunan Shengli Xianggang Steel Pipe Co

Shengli Oil & Gas Pipe Holdings

21/12/2021 10:30

Dec 21 (Reuters) - Shengli Oil & Gas Pipe Holdings Ltd
 1080.HK :
    * UNIT TO TRANSFER 8.9% STAKE OF HUNAN SHENGLI XIANGGANG
STEEL
PIPE CO TO XIANGTAN IRON & STEEL GROUP CO
    * TRANSFER OF STAKE FOR RMB17.3 MILLION
    * UNIT TO MAKE CAPITAL CONTRIBUTION OF RMB17.3 MILLION TO
HUNAN
SHENGLI XIANGGANG STEEL PIPE CO
    * EXPECTS TO RECORD NET GAIN ATTRIBUTABLE TO EQUITY TRANSFER
&
CAPITAL CONTRIBUTION OF ABOUT RMB101.1 MILLION

Source text for Eikon:  ID:nHKS467R5g 
Further company coverage:  1080.HK 

 ((Reuters.Briefs@thomsonreuters.com;))