Brief: China Oceanwide Got A Copy Of Notice Of Default Dated 10 Jan From Initial Lender
11/01/2022 13:08
Jan 11 (Reuters) - China Oceanwide Holdings Ltd 0715.HK :
* RECEIVED A COPY OF NOTICE OF DEFAULT DATED 10 JAN FROM
INITIAL
LENDER
* COPY STATES EVENT OF DEFAULT OCCURRED UNDER FACILITY
AGREEMENT
DUE TO BORROWER'S FAILURE TO PAY INTEREST ON LOAN OF $1.3
MILLION
* COMPANY IS CURRENTLY SEEKING LEGAL ADVICE IN RESPECT OF
PAYMENT
DEFAULT
Further company coverage: 0715.HK
((Reuters.Briefs@thomsonreuters.com;))
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