Brief: Asiaphos Announces Potential Legal Claim And Freezing Of Bank Account

Asiaphos

27/03/2024 12:20

March 27 (Reuters) - AsiaPhos Ltd  ASIP.SI :
    * POTENTIAL LEGAL CLAIM AND FREEZING OF BANK ACCOUNT
    * HUILI COUNTY JIAHONG CHEMICAL APPLIED TO MIANZHU MUNICIPAL
PEOPLE'S COURT AND OBTAINED A COURT ORDER
    * COURT ORDER TO FREEZE ONE MIANZHU NORWEST'S BANK ACCOUNT
WITH
AGRICULTURE BANK OF CHINA (MIANZHU BRANCH)
    * TO FREEZE UP TO MAXIMUM AMOUNT OF RMB 7 MILLION
    * UNIT WILL CONTEST CLAIM WHEN IT IS FILED WITH COURT OR
SETTLE
AMOUNT AMICABLY IF CLAIM HAS MERIT
    * MATTER MAY BE RELATED TO WORK CARRIED OUT BY HUILI JIAHONG
AFTER
WENCHUAN EARTHQUAKE AT MIANZHU NORWEST'S OLD FACTORY IN HANWANG
TOWN
    * IS IN PROCESS OF CONSULTING ITS LAWYERS IN CHINA
    * NOT POSSIBLE TO ESTIMATE FINANCIAL IMPACT ON GROUP FROM
INCIDENT

Further company coverage:  ASIP.SI 

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