Brief: Sinomax expects provision written back of HK$30.4 mln for FY2016

Sinomax

06/09/2016 14:14

Sept 6 (Reuters) - Sinomax Group Ltd  1418.HK : 
 * Expected that there will be provision written back of approximately HK$30.4 
   million for year ending 31 December 2016 
 * Submitted a settlement proposal to ird for the relevant years with an 
   aggregate of HK$89.3 million as full and final settlement of tax audit 
 * Received formal notices of revised assessment for the relevant years from the 
   IRD pursuant to the settlement proposal 
 * With settlement proposal accepted by the IRD, the tax audit in respect of the 
   relevant years is now completely settled 
 
* Source text for Eikon  ID:nHKS8r4vTn  
 
* ((Further company coverage:  1418.HK )) 
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