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BRIEF-FDG Electric Vehicles Updates On Disposal Of Subsidiary

May 3 (Reuters) - FDG Electric Vehicles Ltd:

* UNIT TO SELL ENTIRE ISSUED SHARE CAPITAL OF GIANT INDUSTRY HOLDINGS LIMITED FOR RMB80 MILLION

* EXPECTS AN UNAUDITED LOSS OF ABOUT HK$177 MILLION FROM DISPOSAL

* AS PART OF TRANSACTION, COMPANY AND ITS RELEVANT SUBSIDIARIES WILL PROVIDE ROYALTY FREE LICENSE TO YUNNAN COMPANY Source text for Eikon: Further company coverage:

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