BRIEF-Sun Art Retail Says Authorities Conducting Investigation Into An Independent Supplier

Reuters
27 Feb
BRIEF-Sun Art Retail Says Authorities Conducting Investigation Into An Independent Supplier

Feb 27 (Reuters) - Sun Art Retail Group Ltd 6808.HK:

  • NOTIFIED BY RELEVANT AUTHORITIES THAT THEY ARE CONDUCTING AN INVESTIGATION INTO AN INDEPENDENT SUPPLIER

  • SUPPLIER WAS SUBJECT TO SUCH INVESTIGATION DUE TO CERTAIN ACTS INVOLVING VALUE-ADDED TAX INVOICES

  • IS NOT SUBJECT OF INVESTIGATION.

  • EXPECTS TO RECORD RMB58 MILLION AS PROVISION FOR TAX EXPENSES FOR YEAR

Further company coverage: 6808.HK

((Reuters.Briefs@thomsonreuters.com;))

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