January 31, 2018 / 1:17 PM / in 9 months

BRIEF-Hailan Holdings Updates On Impact Of Haikou People's Government Decision On Phase II Land

Jan 31 (Reuters) - Hailan Holdings Ltd:

* REFERS TO HAIKOU PEOPLE’S GOVERNMENT DECISION TO RECOVER STATE-OWNED CONSTRUCTION LAND USE RIGHT OF PHASE II WITHOUT COMPENSATION

* IF GOVERNMENT EXPROPRIATES PHASE II LAND WITHOUT COMPENSATION, CO EXPECTS FY RESULTS TO BE SIGNIFICANTLY AFFECTED​

* SAYS FY RESULTS MAY INCLUDE IMPAIRMENT OF PHASE II LAND WITH BOOK VALUE OF RMB179.2 MILLION Source text for Eikon: Further company coverage:

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