Brief: Longitech Smart Energy Announces Deal For Redemption Of Fund

Xinda Investment Holdings

23/12/2020 15:28

Dec 23 (Reuters) - Longitech Smart Energy Holding Ltd
 1281.HK :
    * INTENDED TO REDEEM ITS 11,727.590 CLASS-A HKD SHARES IN
GIGA
OPPORTUNITIES FUND
    * AGGREGATE REDEMPTION PROCEEDS OF ABOUT HK$82.1 MILLION
    * EXPECTED THAT GROUP WILL RECORD A LOSS OF HK$7.9 MILLION
FROM
REDEMPTION

Source text https://www1.hkexnews.hk/listedco/listconews/sehk/2020/1223/2020122300968.pdf
Further company coverage:  1281.HK 

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