January 22, 2018 / 10:23 AM / 3 months ago

BRIEF-Tatwah Smartech Sets Bad Debt Provision Due To Unit's Account Receivable Related to Leshi Unit

Jan 22 (Reuters) - Tatwah Smartech Co Ltd:

* SAYS IT SETS BAD DEBT PROVISION OF 21.9 MILLION YUAN ($3.42 million) ON UNIT’S ACCOUNT RECEIVABLE OF 146.2 MILLION YUAN AGAINST LESHI’S UNIT, RESPONDING TO INQUIRIES FROM THE SHENZHEN STOCK EXCHANGE

* SAYS IT EXPECTS 2017 PROFIT TO REDUCE BY 21.9 MILLION YUAN DUE TO BAD DEBT PROVISION Source text in Chinese: bit.ly/2DXQ8k8 Further company coverage: ($1 = 6.4000 Chinese yuan renminbi) (Reporting by Hong Kong newsroom)

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