Brief: S&T Holdings Says DBS Bank Filed Winding-Up Petition Against Double-Trans

China Next-Gen Commerce and Supply Chain

18/08/2023 13:48

Aug 18 (Reuters) - S&T Holdings Ltd  3928.HK :
    * DBS BANK FILED WINDING-UP PETITION AGAINST DOUBLE-TRANS IN
RELATION TO NON- PAYMENT OF AN OUTSTANDING AMOUNT
    * WINDING-UP PETITION IN RELATION TO NON- PAYMENT OF AN
OUTSTANDING AMOUNT WHICH WAS DUE AND OWING BY DOUBLE-TRANS
    * PETITION IS EXPECTED TO AFFECT RECOVERABILITY OF GROUP'S
TRADE
RECEIVABLES AND CONTRACT ASSETS WITH DOUBLE-TRANS
    * IMPAIRMENT MAY BE NECESSARY WHICH WOULD HAVE NEGATIVE
IMPACT ON
OPERATING RESULTS FOR FY23

Further company coverage:  3928.HK 

 ((Reuters.Briefs@thomsonreuters.com;))