Edition:
India

Beijing Jingcheng Machinery Electric Says Unit To Transfer Wu Fang Qiao Assets


Tuesday, 22 Sep 2020 

Sept 22 (Reuters) - Beijing Jingcheng Machinery Electric Co Ltd <600860.SS>::UNIT WILL TRANSFER WU FANG QIAO ASSETS TO BEIJING JINGCHENG MACHINERY ELECTRIC ASSET MANAGEMENT.ASSET TRANSFER PRICE OF RMB410.2 MILLION.UPON COMPLETION OF TRANSFER, GROUP EXPECTS TO RECOGNIZE GAIN OF ABOUT RMB382.7 MILLION FROM TRANSFER. 

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