Brief: Changan Minsheng APLL Logistics Announces Litigation Involving Group

Changan Minsheng Logistics

13/11/2023 10:24

Nov 13 (Reuters) - Changan Minsheng APLL Logistics Co
Ltd  1292.HK :
    * LITIGATION INVOLVING GROUP
    * TAKING ACTIVE MEASURES TO COLLECT DEBTS FROM ZHONGCUN
MATERIALS
TRADING AND ZHONGCUN COAL MINE
    * IF DEBTS OR ANY PART THEREOF CANNOT BE RECOVERED, WILL
MAKE A
BAD DEBT PROVISION
    * DEBTS HAVE BEEN OVERDUE, EXPECTS THAT SUCH OVERDUE PAYMENT
MAY
HAVE AN IMPACT ON FINANCIAL STATUS OF CO
    * LEGAL PROCEEDINGS, AS OF NOV 13, HAVE NO MATERIAL IMPACT
ON
DAILY OPERATION OF GROUP AS  WHOLE
    * IF DEBTS CANNOT BE RECOVERED, BAD DEBT PROVISION TO HAVE
MATERIAL NEGATIVE IMPACT ON PROFIT FOR YEAR


Further company coverage:  1292.HK 

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