Brief: China Resources and Transportation Group updates on debt restructuring

China Resources and Transportation

07/02/2017 13:44

Feb 7 (Reuters) - China Resources and Transportation Group 
Ltd  0269.HK  
    * Crtg-update On Debt Restructuring  
    * received a statutory demand  under section 327(4)(a) of 
companies  from bank 
    * board is discussing with its legal adviser and financial 
adviser and considering debt restructuring plans 
    * statutory demand requiring co to pay outstanding amounts 
within 3 wks from date of service of statutory demand 
    * if co fails to repay outstanding amounts within 3 weeks, 
bank may apply to court for winding up petition of co 
 
Source text for Eikon:  ID:nHKS9frC5n  
Further company coverage:  0269.HK  
 
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