Brief: China Environmental Resources Group To Explore Investment In Hotel And Restaurant Service Industry In Nepal

China Environmental Resources

30/07/2019 11:27

July 30 (Reuters) - China Environmental Resources Group Ltd
 1130.HK :
    * BOARD HAD DECIDED TO EXPLORE AN INVESTMENT IN HOTEL AND
RESTAURANT SERVICE INDUSTRY IN NEPAL
    * INDIRECTLY WHOLLY OWNED SUBSIDIARY HAS BEEN FORMED AS AN
INVESTMENT VEHICLE FOR COMPANY'S NEPAL INVESTMENT
    * CO IS NEGOTIATING A LEASE AT KATHMANDU TO OPERATE A HOTEL
WITH
RESTAURANT OUTLETS
    * AS OF DATE OF ANNOUNCEMENT, INVESTMENT IS AT PRELIMINARY
STAGE

Source text for Eikon:  ID:nHKSb5ywlS 
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 ((Reuters.Briefs@thomsonreuters.com;))