Brief: China Huarong Energy Proposes To Dispose Liabilities To Settle Units' Debts

China Huarong Energy Co

22/11/2018 15:14

Nov 22 (Reuters) - China Huarong Energy Co Ltd  1101.HK :
    * PROPOSES TO DISPOSE LIABILITIES TO SETTLE DEBTS
    * AS AT NOV 22, OUTSTANDING AMOUNT DUE BY UNITS WAS RMB4.83
BILLION, WHICH WILL MATURE ON DEC 25
    * CO'S PRC UNITS WERE UNABLE TO REPAY BANK LOANS
    * MINSHENG BANK ASKED CO TO REPAY PART OF OUTSTANDING AMOUNT
IN
AMOUNT OF RMB3.1 BILLION
    * CO TO SEEK SHAREHOLDERS' NOD TO ISSUE 7.01 BILLION
SUBSCRIPTION
CONVERTIBLE PREFERENCE SHARES

Source text: http://bit.ly/2KrzuMF
Further company coverage:  1101.HK 

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