Brief: China Huajun Says Application Has Been Made For Resumption Of Trading In Shares Of Co

China Huajun

16/12/2021 15:06

Dec 16 (Reuters) - China Huajun Group Ltd  0377.HK :
    * APPLICATION HAS BEEN MADE FOR RESUMPTION OF TRADING IN
SHARES OF
CO ON STOCK EXCHANGE FROM 17 DEC
    * SECURED BANK LOAN WITH PRINCIPAL AMOUNT OF RMB56.7 MILLION
WAS
OVERDUE
    * ORDER WAS RECENTLY GRANTED TO FREEZE AND PRESERVE TWO
PRODUCTION
LINES OF GROUP'S SOLAR PRODUCTS PRODUCTION BUSINESS
    * EXPECTED THAT GROUP WILL NOT BE ABLE TO REPAY PRINCIPAL
AMOUNT
OF RMB4,247 MILLION AND RELATED INTEREST OF RMB769 MILLION AT
MATURITY
    * IS IN DISCUSSION WITH LENDER ON RENEWAL OR REVISED
REPAYMENT
SCHEDULE OF LOANS

Further company coverage:  0377.HK 

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