Brief: China LNG Says Authorised Representative Served With Statutory Demand From Solicitors

China HK Power Smart Energy

16/05/2023 15:00

May 16 (Reuters) - China LNG Group Ltd  0931.HK :
    * ON 11 MAY AUTHORISED REPRESENTATIVE DULY SERVED A
STATUTORY
DEMAND DATED 28 APRIL FROM SOLICITORS ACTING ON BEHALF OF
CREDITOR
    * STATUTORY DEMAND REQUESTED COMPANY TO SETTLE DEBT WITHIN
THREE
WEEKS FROM DATE OF SERVICE OF STATUTORY DEMAND
    * AN APPLICATION FOR RE-TRIAL HAS ALREADY BEEN SUBMITTED ON
8
MARCH
    * IN CASE CO IS FAILING TO SETTLE DEBT CREDITOR MAY PRESENT
A
WINDING-UP PETITION AGAINST COMPANY
    * AUTHORISED REPRESENTATIVE SERVED WITH STATUTORY DEMAND,
DEMANDING CO TO PAY AMOUNT OF HK$60.3 MILLION
    * ACTIVELY SEEKING LEGAL ADVICE IN RESPECT OF DEBT UNDER
STATUTORY
DEMAND
    * STATUTORY DEMAND CURRENTLY DOES NOT AFFECT NORMAL BUSINESS
AND
OPERATIONS OF GROUP
    * CO WAS ADVISED BY ITS LEGAL ADVISORS THAT IT HAS BONA FIDE
DISPUTE IN RELATION TO UNDERLYING DEBT OF STATUTORY DEMAND

Further company coverage:  0931.HK 

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