Brief: Huajun International Updates On Legal Proceedings On Breach Of Loan Agreement

China Huajun

28/02/2020 14:24

Feb 28 (Reuters) - Huajun International Group Ltd  0377.HK :
    * ON 20 JAN SHANGHAI YIYI (GREENLAND) INVESTMENT PARTNERSHIP
ISSUED AND FILED A STATEMENT OF CLAIM AGAINST UNIT
    * CLAIM FOR ALLEGED BREACH OF LOAN AGREEMENT DUE TO DEFAULT
IN
REPAYMENT OF REMAINING PRINCIPAL AMOUNT OF RMB169.5 MILLION
    * REPAYMENT PLAN DELAYED DUE TO IMPACT OF CORONAVIRUS
OUTBREAK
    * RESUMPTION, CONSTRUCTION, SALES OF REAL ESTATE PROJECTS BY
UNIT
WERE TO A CERTAIN EXTENT AFFECTED BY EPIDEMIC

Source text for Eikon:  ID:nHKSb2YldN 
Further company coverage:  0377.HK 

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