Brief: Longitech Smart Energy Announces Settlement Agreement In Relation To Exercise Of Put Option

Xinda Investment Holdings

10/08/2020 16:03

Aug 10 (Reuters) - Longitech Smart Energy Holding Ltd
 1281.HK :
    * SHENGLI OILFIELD LIFENG, SHANDONG HAILIFENG & SHENGFENG
HEATING
ENTERED THE SETTLEMENT AGREEMENT WITH BEIJING LONGGUANG
    * SHANDONG HAILIFENG TO TRANSFER 90% INTEREST IN SHENGFENG
HEATING
HELD BY IT TO BEIJING LONGGUANG
    * TRANSFER CONSIDERATION OF RMB60 MILLION
    * UPON COMPLETION OF TRANSFER, SHENGFENG HEATING WILL BE
OWNED 90%
BY GROUP AND 10% BY SHANDONG HAILIFENG

Source text https://bit.ly/2PGquqM
Further company coverage:  1281.HK 

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