March 15 (Reuters) - China Innovation Investment Ltd 1217.HK :
* On 23 February 2016, the company commenced legal proceedings against China culture and mr. si rongbin
* On 11 March 2016, co engaged a solicitor in the British Virgin Islands to issue a statutory demand to China culture giving a 21 days' notice
* Legal proceedings are still in progress"
* If China culture did not make repayment upon expiry notification period,will file petition in British Virgin Islands to wind up China culture
* Source text for Eikon ID:nHKSc6Nh3m
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