February 28, 2020 / 3:14 PM / a month ago

BRIEF-China Smartpay Group Updates on Receipt Of Administrative Penalty From PBOC

Feb 28 (Reuters) - China Smartpay Group Holdings Ltd :

* NOTIFIED EACH OF UNIT AND 2 EXECUTIVE DIRECTORS GOT RECENTLY DECISION ON ADMINISTRATIVE PENALTY ISSUED BY PEOPLE’S BANK OF CHINA

* BASED ON DECISION, WILL RECOGNISE FOREGOING FINE IN AGGREGATE AMOUNT OF ABOUT RMB19.2 MILLION IN FY

* BASED ON DECISION, WILL RECOGNISE CONFISCATION OF INCOME OF ABOUT RMB4 MILLION FOR YEAR Source text for Eikon: Further company coverage:

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