Northeast Electric to dispose power capacitors company
Sept 17 (Reuters) - Northeast Electric Development Co Ltd <000585.SZ>0042.HK:Says proposes to dispose 100 percent equity in New Northeast Electric (Jinzhou) Power Capacitors Limited.Says target assets in the transaction amounted to 135 million yuan ($20.61 million).Says upon the completion of the transaction, it will exit power capacitors industry with fierce competition.
Latest Developments forNortheast Electric Development Co Ltd
- Northeast Electric Development predicts deficit of accumulative net profit in past 3 qtrs of this year
- Northeast Electric Development to dispose equity interests in New Northeast Electric (Jinzhou) Power Capacitors
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- Northeast electric development will suffer from loss of about RMB22.7 mln to RMB24.2 mln in past three quarters of 2016