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BRIEF-SMI Holdings updates on restructuring framework agreement
September 26, 2017 / 2:49 PM / 2 months ago

BRIEF-SMI Holdings updates on restructuring framework agreement

Sept 26 (Reuters) - Smi Holdings Group Ltd

* Inside information the restructuring framework agreement

* Restructuring framework agreement is for company and success electronics to proceed with disposal in next step

* Company and success electronics entered into restructuring framework agreement

* Company and success electronics reached consensus on restructuring plan and follow-up arrangements in relation to disposal on a preliminary basis

* After preliminary negotiations, parties agree success electronics shall acquire all or part of equity of Chengdu Runyun Source text for Eikon: Further company coverage:

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