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Sichuan Tuopai Shede Spirits Co Ltd (600702.SS)

600702.SS on Shanghai Stock Exchange

15 Dec 2017
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¥-0.66 (-1.40%)
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Tue, Sep 12 2017

BRIEF-Sichuan Tuopai Shede Wine gets regulatory approval for share private placement

* Says it gets securities regulator's approval to issue shares in private placement

BRIEF-Sichuan Tuopai Shede Wine adopts new accounting policy

* Says it adopted new accounting policy disclosed by the Ministry of Finance on May 10, regarding subsidy

BRIEF-Sichuan Tuopai Shede Wine to raise stake in Sichuan-based glass JV

* Says co plans to invest $8.1 million into a Sichuan-based glass JV and acquire 10 percent stake in the JV from MALAYA GLASS PRODUCTS SDN. BHD. after the investment for $5.2 million

BRIEF-Sichuan Tuopai Shede Wine completes sale of 100 pct stake in pharma subsidiary

* Says 100 percent stake in Sichuan Pacific Pharmaceutical Co Ltd has been transferred to co's shareholder Sichuan Tuopai Shede Group Co Ltd

BRIEF-Sichuan Tuopai Shede Wine issues H1 2017 net profit outlook

* Sees H1 2017 net profit to increase by 137 percent to 180 percent, or to be 55 million yuan to 65 million yuan

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