JP Morgan expects China Resources textile and logistic business to reach HK$2 bl

It was revealed by JP Morgan that China Resources Enterprises (0291) would finish acquiring the textile and logistic business of its parent company in the middle of next month and would spend HK$2 bln in acquiring the relevant assets, which was expected to lift the per share profit of China Resources Enterprises this year and in the next year by 3-8%.

Related stock : (NIL)