BRIEF-FDG Electric Vehicles Updates On Settlement Deed

Nov 21 (Reuters) - FDG Electric Vehicles Ltd:

* ANNOUNCES SETTLEMENT DEED UNDER WHICH PARTIES THERETO AGREE TO DISCONTINUE HONG KONG PROCEEDINGS

* UPON SETTLEMENT OF INVESTIGATION COSTS, CO'S OBLIGATIONS UNDER CONVERTIBLE BONDS OF ABOUT HK$760.8 MILLION TO BE FULLY DISCHARGED

* ONE-OFF GAIN OF ABOUT HK$759.8 MILLION TO BE RECOGNISED IN CONSOL P&L STATEMENT FOR YEAR ENDING 31 MARCH 2020 Source text for Eikon: Further company coverage: