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BRIEF-Shandong Weigao Group Medical Polymer enters equity transfer agreements
June 1, 2017 / 10:35 AM / 6 months ago

BRIEF-Shandong Weigao Group Medical Polymer enters equity transfer agreements

June 1 (Reuters) - Shandong Weigao Group Medical Polymer Co Ltd:

* Equity transfer agreement A was entered into between co and Weihai Weigao Foosin Medical Supplies Inc

* Consideration of equity transfer agreement A is RMB8 million

* As result of disposals, it is expected that group will incur a net loss of approximately RMB4 million

* Proceeds from disposals will be approximately RMB16 million

* Equity transfer agreement B was entered into between Wellford Capital and Weihai Weigao Foosin Medical Supplies

* Agreement B in relation to disposal B at a consideration of rmb8 million Source text (bit.ly/2sr7aA6) Further company coverage:

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