Brief: Kiu Hung International Says Considers Equity Transfer Deal To Be Invalid Or Cancelled

AOM International

21/06/2021 15:28

June 21 (Reuters) - Kiu Hung International Holdings Ltd
 0381.HK :
    * LI BIQING AS TRANSFEROR COULD NOT COMPLETE TRANSACTION &
CO
CONSIDERS AGREEMENT TO BE INVALID OR CANCELLED
    * ENGAGED A LAWYER TO DEMAND TRANSFEROR RETURN NOTES FOR
CANCELLATION
    * WILL COMMENCE LEGAL PROCEEDINGS AGAINST CLAIMS UNDER
EQUITY
TRANSFER AGREEMENT
    * CERAMICS PURCHASE AGREEMENT WITH JINGDEZHEN JINGDONG
CERAMIC
GROUP SUSPENDED


Further company coverage:  0381.HK 

 (Reuters.Briefs@thomsonreuters.com)