Brief: Asia Television Holdings Says Statutory Demand Served On Co By Creditor Of HK$46 Mln
07/04/2020 11:38
April 7 (Reuters) - Asia Television Holdings Ltd 0707.HK :
* ON 23 MARCH, STATUTORY DEMAND SERVED ON CO BY CREDITOR TO
DEMAND
CO PAY ALLEGED OUTSTANDING DEBT IN AMOUNT OF HK$46 MILLION
* ENGAGING IN TALKS WITH CREDITOR FOR BETTER TERMS ON
REPAYMENT
SCHEDULE AND FOR WAIVING BREACHES
* NEGOTIATING WITH VARIOUS OTHER LENDERS FOR NEW CREDIT
LINES IN
ORDER TO IMPROVE CASHFLOW POSITION OF CO
Source text for Eikon: ID:nHKS8921MX
Further company coverage: 0707.HK
((Reuters.Briefs@thomsonreuters.com;))
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