Brief: Tianjin Development Says Jinhao Pharmaceutical To Dispose Part Of Stake In Research Institute

Tianjin Development Holdings

06/08/2018 07:38

Aug 6 (Reuters) - Tianjin Development Holdings Ltd
 0882.HK :
    * JINHAO PHARMACEUTICAL TO DISPOSE PART OF ITS STAKE IN
RESEARCH
INSTITUTE TO CHINA MERCHANTS TIANHE
    * UPON COMPLETION, TOTAL REGISTERED CAPITAL OF RESEARCH
INSTITUTE
WILL BE INCREASED FROM RMB39 MILLION TO RMB72.9 MILLION
    * DISPOSAL THROUGH A COMBINATION OF CAPITAL INJECTION AND
PARTIAL
TRANSFER
    * ESTIMATED THAT UNAUDITED GAIN OF ABOUT RMB531.1 MILLION
WILL
ARISE FROM DISPOSAL

Source text for Eikon:  ID:nHKS5P4DR1 
Further company coverage:  0882.HK 

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