Brief: CA Cultural Technology Received Statutory Demand From Maxx Capital Finance
23/12/2022 14:50
Dec 23 (Reuters) - CA Cultural Technology Group Ltd
1566.HK :
* RECEIVED STATUTORY DEMAND FROM MAXX CAPITAL FINANCE
DEMANDING CO
TO PAY TOTAL AMOUNT OF HK$25.8 MILLION
* AMOUNT OF HK$25.8 MILLION IS OUTSTANDING DEBT DUE AND
PAYABLE BY
CO UNDER SETTLEMENT AGREEMENT
* STATUTORY DEMAND REQUESTED CO TO REPAY SA DEBT WITHIN 3
WEEKS
FROM DATE OF SERVICE OF STATUTORY DEMAND
* ACTIVELY SEEKING LEGAL ADVICE IN RESPECT OF SA DEBT UNDER
STATUTORY DEMAND
* WILL ADOPT EFFECTIVE MEASURES, INCLUDING BUT NOT LIMITED
TO
PROPOSING DEBT RESTRUCTURING PLAN TO CREDITORS OF GROUP
Source text for Eikon: ID:nHKS24Tj2j
Further company coverage: 1566.HK
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