BRIEF-Shandong Molong Petroleum Machinery Announces Disposal Of 100% Equity Interest In Unit

Reuters10-14

Oct 14 (Reuters) - Shandong Molong Petroleum Machinery Co Ltd :

* DISPOSAL OF 100% EQUITY INTEREST IN SUBSIDIARY

* CONSIDERATION OF RMB203 MILLION

* WILL RECORD NET GAIN OF RMB86 MILLION DUE TO DISPOSAL

* TO SELL 100% OF EQUITY INTEREST IN SHOUGUANG MAOLONG

Further company coverage:

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

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