BRIEF-Welling Holding announces sale of equipment involved in the refrigerator compressor motor business

March 31 (Reuters) - Welling Holding Ltd-

* Sale Of Equipment Involved In The Refrigerator Compressor

Motor Business

* Vendor, an indirect wholly-owned subsidiary of company,

and purchaser entered into equipment transfer agreement

* Vendor agreed to sell equipment involved in refrigerator

compressor motor business of group

* Expected gain on sale of equipment, being approximately

rmb2.4 million

* Agreement at an aggregate consideration of rmb32.9 million

* Purchaser being Anhui Gmcc Refrigeration Equipment Co.,

Ltd, vendor being Welling (Wuhu) Motor Manufacturing Co., Ltd.

Source text (

Further company coverage: