Brief: Tai United Says To Cease Its Commodity Trading Business At This Stage
05/05/2020 15:46
May 5 (Reuters) - Tai United Holdings Ltd 0718.HK :
* DUE TO UNPREDICTABILITY OF OIL PRICE & DECREASE IN DEMAND,
CONSIDERS IT'S NO LONGER COMMERCIALLY ATTRACTIVE TO ENGAGE IN
OIL TRADING
* TAI UNITED HOLDINGS LTD TO CEASE ITS COMMODITY TRADING
BUSINESS
AT THIS STAGE
Source text for Eikon: urn:newsml:reuters.com:*:nHKS69Q0W7
Further company coverage: 0718.HK
(Reuters.Briefs@thomsonreuters.com)
Recent news on Tai United Holdings
See all newsBrief: Tai United Expects HY Loss Before Tax HK$220 Million-HK$250 Million
Brief: Tai United Holdings FY Revenue HKD 125.1 Million
Brief: Tai United Expects FY Loss Before Tax No Less Than HK$380 Mln
Brief: Tai United Holdings Posts HY Loss Attributable HK$198.7 Mln
Brief: Tai United Expects HK$200 Million-HK$240 Million Loss Before Tax For HY