BRIEF-China High Speed Transmission Equipment notes media speculation regarding disposal of interest in Nanjing High Accurate Marine Equipment

April 26 (Reuters) - China High Speed Transmission Equipment

Group Co Ltd-

* Notes there are recent media speculation with regard to

disposal of entire interest in nanjing high accurate marine


* Consideration was arrived at between company and

subscriber with reference to fair value of nanjing marine

* China high speed transmission equipment group co ltd -

subscriber of disposal was an independent third party not

connected with company

* Wishes to emphasize that nanjing marine has been in a net

loss before disposal.

* Disposal is therefore expected to improve financial

performance of group.

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