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BRIEF-China Environmental Technology Sees Decrease In Revenue & Increase In Net Loss For FY

Reuters

March 5 (Reuters) - China Environmental Technology Holdings Ltd:

* GROUP IS NO LONGER ABLE TO EXERCISE CONTROL OVER ASSETS AND OPERATIONS OVER PFI CAYMAN GROUP

* DECREASE IN REVENUE & INCREASE IN NET LOSS EXPECTED TO BE NOT LESS THAN 35% AND 500%, RESPECTIVELY FOR FY

* ON FEB 22, JUDICIAL MANAGERS APPOINTED TO PFI SINGAPORE UPON APPLICATION FILED IN SINGAPORE COURT BY ACROMEC ENGINEERS

* CO TO WRITE-OFF PFI CAYMAN GROUP TO ITS ENTIRETY Source text for Eikon: Further company coverage: (Reuters.Briefs@thomsonreuters.com)