Brief: Yongsheng Advanced Materials Says Unit To Sell Stakes In Certain Units For RMB173.9 Mln
26/07/2019 16:03
July 26 (Reuters) - Yongsheng Advanced Materials Company Ltd
3608.HK :
* YONGSHENG ADVANCED MATERIALS - UNIT TO SELL 70% STAKE IN
YONGSHENG CHEMICAL FIBER, 67% STAKE IN NANTONG YONGSHENG & 70%
STAKE IN JIANGSU YONGSHENG
* DEAL FOR RMB173.9 MILLION
* EXPECTED TO RECORD A GAIN ON DISPOSALS OF ABOUT RMB78.7
MILLION
Source text for Eikon: ID:nHKS6CNHVW
Further company coverage: 3608.HK
((Reuters.Briefs@thomsonreuters.com;))
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