Brief: Bay Area Gold Updates On Litigation Involving Mining Licenses Owned By Unit
28/05/2021 12:46
May 28 (Reuters) - Bay Area Gold Group Ltd 1194.HK :
* MINING LICENSES OF BIANFUSHAN GOLD MINE & SHANGZHAI GOLD
MINE
OWNED BY UNIT WERE SEIZED WITH A TERM FROM 18 MAY 2021 TO 17 MAY
2024
* CURRENTLY IN COMMUNICATION WITH PINGAN BANK TO DISCUSS
APPROPRIATE DEBT RENEWAL ARRANGEMENTS
* SEIZURE & FREEZING OF LICENCES CONDUCTED PURSUANT TO A
CIVIL
ENFORCEMENT DECISION ISSUED BY COURT ON 9 OCT, 2020
Source text https://www1.hkexnews.hk/listedco/listconews/sehk/2021/0528/2021052801326.pdf
Further company coverage: 1194.HK
((Reuters.Briefs@thomsonreuters.com;))
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