Nov 30 (Reuters) - Auto Italia Holdings Ltd :
* Company is in discussion with Ferrari for transition arrangement
* Board considers that cessation of Ferrari business will have no material adverse impact on profitability of group.
* Unit of co, received advice from ferrari to terminate import and distribution rights of “Ferrari” cars in Hong Kong and Macau with effect from 27 may 2017
* Will continue to carry on businesses of import, distribution and provision of after-sales services of “Maserati” cars in Hong Kong And Macau Source text for Eikon: Further company coverage: