Brief: Hung Fook Tong Group To Cease Retail Store Operations In Mainland China
20/09/2018 10:27
Sept 20 (Reuters) - Hung Fook Tong Group Holdings Ltd
1446.HK :
* RESOLVED TO CEASE OPERATION OF ALL EXISTING RETAIL STORES
IN
MAINLAND CHINA
* EXPECTED THAT ALL EXISTING PRC RETAIL STORES WILL CEASE
OPERATION BY EARLY JANUARY 2019.
* EXPECTED CO WILL INCUR ONE-OFF EXPENSES OF ABOUT HK$1.3
MILLION
ON CLOSURE OF EXISTING PRC RETAIL STORES
Source text for Eikon: ID:nHKSkGBCB
Further company coverage: 1446.HK
((Reuters.Briefs@thomsonreuters.com;))
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