Brief: Ascent International Says Zhurong Receives Letter Of Repayment Of Amount Due To Mason Resources Finance
09/05/2018 24:43
May 9 (Reuters) - Ascent International Holdings Ltd
0264.HK :
* ZHURONG RECEIVED LETTER FROM SOLICITORS REQUESTING
REPAYMENT OF
AMOUNT DUE TO MASON RESOURCES FINANCE ON 8 MAY 2018
* FACILITY DEAL BETWEEN LENDER AND ZHURONG SECURED BY CHARGE
OVER
SECURITIES ACCOUNT IN WHICH 229.9 MILLION SHARES OF CO IS
DEPOSITED
* ZHURONG HAS FAILED TO REPAY OUTSTANDING AMOUNT DUE TO
LENDER
* IF ZHURONG FAILS TO PAY AMOUNT BY MAY 8, 12:00 AM, LENDER
COULD
REALISE/SELL SHARES OF CO TO OFFSET AMOUNT OWED
Source text for Eikon: urn:newsml:reuters.com:*:nHKS6kw5q7
Further company coverage: 0264.HK
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