Brief: Zhuzhou Crrc Times Electric Announces Restructuring Of Semiconductor Business
29/08/2019 10:59
Aug 29 (Reuters) - Zhuzhou CRRC Times Electric Co Ltd
3898.HK :
* APPROVED RESTRUCTURING PLAN OF CO'S SEMICONDUCTOR BUSINESS
BY
CAPITAL INCREASE OF RMB2,400 MILLION IN CO'S UNIT
* TO TRANSFER ASSETS, LIABILITIES & BUSINESS OF CO'S
SEMICONDUCTOR
BUSINESS DIVISION TO TIMES SEMICONDUCTOR FOR RMB1,700 MILLION
Source text for Eikon: urn:newsml:reuters.com:*:nHKS8xmcn
Further company coverage: 3898.HK
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