Brief: China Aoyuan Gets Served With Writ Of Summons For Claims For Debt Worth US$131 Mln

China Aoyuan

28/12/2021 14:26

Dec 28 (Reuters) - China Aoyuan Group Ltd  3883.HK :
    * SERVED A WRIT OF SUMMONS TOGETHER WITH AN INDORSEMENT OF
CLAIM
ISSUED ON 23 DEC
    * WRIT ISSUED IN COURT OF FIRST INSTANCE OF HIGH COURT OF
HONG
KONG BY CITIBANK, N.A. & NINE MASTS INVESTMENT FUND AGAINST CO
AND UNIT
    * PLAINTIFFS CLAIM FOR A DEBT IN AMOUNT OF US$131.0 MILLION,
TOGETHER WITH INTEREST ACCRUED AND COSTS
    * CLAIM ARISES FROM ALLEGED EVENTS OF DEFAULT UNDER A CREDIT
AGREEMENT WHEREBY UNIT IS BORROWER
    * ACTIVELY SEEKING ADVICE FROM ITS FINANCIAL AND LEGAL
ADVISERS ON
WRIT
    * CONSIDERS CLAIM WILL NOT HAVE MATERIAL ADVERSE IMPACT ON
BUSINESS, RESULTS AND/OR FINANCIAL CONDITIONS OF GROUP

Further company coverage:  3883.HK 

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