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BRIEF-Skynet Group updates on receipt of notice of termination of 2016 cooperation agreement
December 30, 2016 / 12:21 PM / in 10 months

BRIEF-Skynet Group updates on receipt of notice of termination of 2016 cooperation agreement

Dec 30 (Reuters) - Skynet Group Ltd

* Group is currently seeking relevant legal advice as to, among others, validity of purported termination

* Possible impairment loss on group’s assets of approximately hkd6.6 million if termination is effective

* Shenzhen Donica has received a written notice dated 23 december 2016 from airline purporting to terminate 2016 cooperation agreement Source text for Eikon: Further company coverage:

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