January 31, 2018 / 10:16 AM / 4 months ago

BRIEF-Century Ginwa Retail Updates On Closure Of Shaanxi Tangrenjie Store

Jan 31 (Reuters) - Century Ginwa Retail Holdings Ltd :

* UPDATES ON CLOSURE OF SHAANXI TANGRENJIE STORE

* ‍BOARD TAKES VIEW THAT CLOSURE OF STORE WOULD BETTER OPTIMIZE UTILIZATION OF GROUP’S RESOURCE

* ‍BOARD DOES NOT EXPECT THAT CLOSURE OF STORE WOULD HAVE MATERIAL EFFECT ON OPERATION OF GROUP​

* GROUP IS EXPECTED TO INCUR FURTHER LOSS OF ABOUT RMB19.0 MILLION ON AN ANNUAL BASIS Source text for Eikon: Further company coverage:

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