Brief: China Metal Resources Utilization Says Bankruptcy Reorganisation Application Of Unit

China Metal Resources Utilization

14/08/2023 16:23

Aug 14 (Reuters) - China Metal Resources Utilization
 1636.HK :
    * BANKRUPTCY REORGANISATION APPLICATION OF PRC SUBSIDIARY OF
COMPANY
    * UNIT RECEIVED A CIVIL RULING FROM PEOPLE'S COURT OF MILUO
CITY,
HUNAN PROVINCE
    * DEBTS INVOLVED WERE IN AMOUNT OF RMB11.9 MILLION IN CIVIL
RULING
    * UNIT OPPOSED PETITION AND APPLIED TO COURT FOR BANKRUPTCY
REORGANISATION INSTEAD
    * RULING IN RELATION TO PETITION FOR WINDING-UP AGAINST UNIT
FILED
BY HUNAN MIZIYUAN ASSET HOLDINGS CO.
    * TRADING IN SHARES OF CO WILL REMAIN SUSPENDED UNTIL
FURTHER
NOTICE
    * RULING ON GROUND THAT UNIT WAS UNABLE TO REPAY DEBTS
FALLING DUE
    * COURT REJECTED MIZIYUAN'S PETITION FOR WINDING-UP AND
ACCEPTED
UNIT'S BANKRUPTCY REORGANISATION APPLICATION

Further company coverage:  1636.HK 

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