Brief: Asia Television Says Co In Talks With Creditor I And II For Better Terms On Repayment Schedule

Asia Television Holdings

24/10/2019 15:03

Oct 24 (Reuters) - Asia Television Holdings Ltd  0707.HK :
    * UPDATES ON STATUTORY DEMAND I AND STATUTORY DEMAND II
    * PROACTIVELY ENGAGING IN NEGOTIATIONS WITH CREDITOR I AND
CREDITOR II FOR BETTER TERMS ON REPAYMENT SCHEDULE & WAIVING
BREACHES
    * CREDITOR I AGREED NOT TO PRESENT WINDING UP PETITION IF
COMPANY
COULD REPAY PART OF OUTSTANDING DEBT OF HK$20 MILLION BY 23 OCT
    * NEGOTIATING WITH VARIOUS OTHER LENDERS FOR NEW CREDIT
LINES IN
ORDER TO IMPROVE CASHFLOW POSITION OF CO
    * CREDITOR II AGREED THEY WOULD NOT PRESENT WINDING UP
PETITION IF
CO COULD REPAY PART OF OUTSTANDING DEBT OF HK$50 MILLION BY 30
OCT

Source text for Eikon:  ID:nHKS4fHTtR 
Further company coverage:  0707.HK 

 ((Reuters.Briefs@thomsonreuters.com;))