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United States

Shanghai Sanmao Enterprise Group Co Ltd (600689.SS)

600689.SS on Shanghai Stock Exchange

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Fri, Oct 20 2017

BRIEF-Shanghai Sanmao Enterprise Group to dissolve JV and to acquire stake in international travel agency firm

* Says co plans to dissolve and liquidate a Shanghai-based investment management JV

BRIEF-Shanghai Sanmao Enterprise Group lowers listing price of 100 pct stake in textile unit

* Says it lowers listing price of 100 percent stake in Chongqing-based textile unit to 31.5 million yuan from 35 million yuan previously

BRIEF-Shanghai Sanmao Enterprise Group to swing to profit in H1 2017

* Sees it will swing to net profit at 34.5 million yuan in H1 2017 versus net loss at 17.4 million yuan year ago

BRIEF-Shanghai Sanmao Enterprise Group to sell Chongqing textile unit for no less than 35.0 mln yuan

* Says it plans to sell wholly owned Chongqing-based textile subsidiary for no less than 35.0 million yuan

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