Brief: Great Wall Belt & Road Entered New Sale And Purchase Agreement

Great Wall Terroir Holdings

20/11/2020 15:20

Nov 20 (Reuters) - Great Wall Belt & Road Holdings Ltd
 0524.HK :
    * ENTERED NEW SALE AND PURCHASE AGREEMENT WITH VANTAGE
NETWORK
GLOBAL
    * ENTERED TERMINATION DEED WITH SHAANXI CHINA INVESTMENT
ASSET
MANAGEMENT CO
    * UNDER TERMINATION AGREEMENT, SALE AND PURCHASE AGREEMENT
FOR
DISPOSAL OF B&R INVESTMENT HOLDING SHALL BE TERMINATED
    * UNDER NEW DEAL, CO TO SELL ENTIRE ISSUED SHARE CAPITAL OF
B&R
INVESTMENT HOLDING AT RMB47.5 MILLION
    * UNDER TERMINATION AGREEMENT, CO SHALL BE ENTITLED TO
FORFEIT
DEPOSIT OF RMB2.5 MILLION PAID UNDER S&P AGREEMENT
    * SEES CO WILL REALIZE UNAUDITED LOSS ON NEW DISPOSAL OF
ABOUT
HK$2.7 MILLION

Source text for Eikon:  ID:nHKS8Nzwfd 
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