Brief: Freeman FinTech Corporation Receives Demand Letter From Investor
12/03/2019 14:43
March 12 (Reuters) - Freeman FinTech Corporation Ltd
0279.HK :
* RECEIVED DEMAND LETTER FROM INVESTOR OVER PROMISSORY NOTE
2019,
PROMISSORY NOTE 2020 AND CONVERTIBLE NOTES
* LETTER STATES EVENT OF DEFAULT OCCURRED WHEREBY EQUITY
ATTRIBUTABLE TO OWNERS OF CO IS LESS THAN HK$3.50 BILLION
* DEFAULT RESULTS IN A BREACH OF COVENANT UNDER RELEVANT
CONDITION
OF RESPECTIVE NOTES
Source text for Eikon: ID:nHKS7VFmD5
Further company coverage: 0279.HK
((Reuters.Briefs@thomsonreuters.com;))
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