Brief: Chiho Environmental Says On 21 Nov, Got Notification From Usum Investment

Chiho Environmental

22/11/2023 12:17

Nov 22 (Reuters) - Chiho Environmental Group Ltd
 0976.HK :
    * ON 21 NOV, GOT NOTIFICATION FROM USUM INVESTMENT ON
CERTAIN
DELAY IN IMPLEMENTATION OF RESTRUCTURING PLAN
    * LONCIN RESTRUCTURING COMPANIES BELIEVED DELAY WAS DUE TO
IMPACT
OF PANDEMIC AT EARLY EXECUTION STAGE OF RESTRUCTURING PLAN
    * FIFTH INTERMEDIATE PEOPLE'S COURT OF CHONGQING MADE CIVIL
RULING
APPROVING EXTENSION OF EXECUTING RESTRUCTURING PLAN FOR 6 MTHS
    * UNCERTAINTY AS TO PROGRESS AND OUTCOME OF RESTRUCTURING
    * AS AT 22 NOV, OPERATION AND MANAGEMENT OF CO ARE STABLE
AND
NORMAL

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