March 3, 2020 / 10:19 PM / a month ago

BRIEF-Universal Technologies Holdings Says Unit Gets Cessation Notice From Water Resources Bureau, Qingyuan

March 4 (Reuters) - Universal Technologies Holdings Ltd :

* 49%-OWNED UNIT RECEIVED CESSATION NOTICE ISSUED BY WATER RESOURCES BUREAU OF QINGYUAN CITY

* DOES NOT EXPECT CESSATION NOTICE TO GIVE RISE TO ANY IMMEDIATE MATERIAL ADVERSE EFFECT TO GROUP’S REVENUE

* QINGYUAN CITY GOVERNMENT DECIDES TO STOP WATER INTAKE OF QIXINGGANG WATER PLANT OPERATED BY WSD CO FROM 4 MARCH

* EXPECTS THAT SWITCHING OF WATER SUPPLY TO GOVERNMENT-DESIGNATED WATER PLANT MAY RESULT IN DECREASE OF PROFIT Source text for Eikon: Further company coverage:

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