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3669 China Yongda Automobiles Services Holdings News Story

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Brief: China Yongda Automobiles Services says Shanghai Yongda Investment enters framework agreement

Jan 18 (Reuters) - China Yongda Automobiles Services Holdings Ltd  3669.HK : 
 
 * Shanghai Yongda investment holding group limited entered into a binding  framework agreement 
 * Agreement with a company whose shares are listed on the Shenzhen stock   exchange 
 * The relevant parties have not entered into any definitive agreement as at the date hereof 
 * Deal in respect of transfer of certain assets by group in exchange for equity interests in a-share listco 
 * Expects upon completion of proposed spin-off, a-share listco will become  indirect non-wholly owned subsidiary of co 
 
* Source text for Eikon  ID:nHKS6y43vm  
 
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