Brief: Vision Values Holdings Says Unit To Surrender Two Exploration Licences To Mongolian Govt
19/11/2018 09:54
Nov 19 (Reuters) - Vision Values Holdings Ltd 0862.HK :
* UNIT TO SURRENDER TWO EXPLORATION LICENCES TO MONGOLIAN
GOVERNMENT DUE TO NO ECONOMIC DEVELOPMENT POTENTIAL FOR THESE
LICENCE AREAS
* GROUP'S ASSETS RELATED TO THESE LICENCES OF ABOUT HK$9.8
MILLION
TO BE WRITTEN-OFF IN 6 MTHS ENDING 31 DEC 2018
* WRITE-OFF COSTS RELATED TO LICENCES HAVE SIGNIFICANT
ADVERSE
IMPACT ON FINANCIAL POSITION OF GROUP
Source text for Eikon: urn:newsml:reuters.com:*:nHKS5KJ9M6
Further company coverage: 0862.HK
(Reuters.Briefs@thomsonreuters.com)
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