Brief: China Putian Food Says Co, Potential New Investor, Creditor Still Engaging In Active Discussion

China Putian Food Holding

25/05/2023 13:35

May 25 (Reuters) - China Putian Food  1699.HK :
    * CO & POTENTIAL NEW INVESTOR AND CREDITOR ARE STILL
ENGAGING IN
ACTIVE DISCUSSION AND NEGOTIATION FOR DEBT RESTRUCTURING
    * MAY NOT BE APPROPRIATE FOR CO TO PUBLISH UNAUDITED
MANAGEMENT
ACCOUNTS OF GROUP FOR YEAR ENDED 31 DECEMBER 2022 AT THIS STAGE
    * TRADING IN ITS SHARES ON STOCK EXCHANGE WILL REMAIN
SUSPENDED
UNTIL FURTHER NOTICE
    * ON 18 APRIL, COMPANY RECEIVED A STATUTORY DEMAND DEMANDING
TO
PAY A TOTAL AMOUNT OF HK$681.1 MILLION
    * STATUTORY DEMAND REQUESTED COMPANY TO REPAY DEBT WITHIN
THREE
WEEKS FROM DATE OF SERVICE OF STATUTORY DEMAND
    * IF FAILING TO REPAY DEBT CREDITOR MAY PRESENT WINDING-UP
PETITION AGAINST COMPANY

Further company coverage:  1699.HK 

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