Brief: China Uptown Says Certain Bank Accounts Of Maoming Huada And Maoming Shang Cheng Were Frozen

China Uptown

28/01/2022 13:05

Jan 28 (Reuters) - China Uptown Group Co Ltd  2330.HK :
    * CHINA UPTOWN GROUP CO LTD -  CERTAIN BANK ACCOUNTS OF
MAOMING
HUADA AND MAOMING SHANG CHENG WERE FROZEN
    * CHINA UPTOWN GROUP CO LTD - GROUP WILL CONTINUE TO TAKE
ALL
APPROPRIATE STEPS TO LIAISE WITH BANK AND SECURITY BUREAU TO
UNFREEZE BANK ACCOUNT
    * CHINA UPTOWN- AS AT DATE OF ANNOUNCEMENT, BALANCE OF BANK
ACCOUNTS OF MAOMING HUADA AND MAOMING SHANG CHENG ARE 16.12
MILLION AND RMB1.00 MILLION RESPECTIVELY
    * CHINA UPTOWN GROUP SEES THAT BUSINESS OPERATIONS OF GROUP
MIGHT
BE MATERIALLY AFFECTED IN EVENT THAT INCIDENT IS NOT RESOLVED ON
OR BEFORE END OF Q1
    * CHINA UPTOWN GROUP CO LTD -  APPLICATION MADE FOR
RESUMPTION OF
TRADING IN SHARES FROM 31 JAN

Source text for Eikon:  ID: 
Further company coverage:  2330.HK 

 (Reuters.briefs@thomsonreuters.com)