Brief: Century Ginwa Retail updates on legal proceeding involving co's units
12/12/2016 06:24
Dec 12 (Reuters) - Century Ginwa Retail Holdings Ltd
0162.HK
* Refers to announcement in relation to the legal proceeding
involving subsidiaries of the company
* On 7 Dec court issued notice to Shanghai branch of China
Securities Depository and Clearing Corp to release all the
seized A-shares
* Seized A-shares of Ginwa Enterprise (Group)
* As a condition to release, an aggregate of rmb41.2 million
currently deposited in bank accounts of century Ginwa has been
frozen
* Expected that the freezing of the bank accounts will not
have any material impact on the business operations of the group
Source text for Eikon: ID:nHKS5N90p2
Further company coverage: 0162.HK
((Bangalore.newsroom@thomsonreuters.com;))
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