Brief: China Vanadium Titano Magnetite Mining Says Former Unit Received Legal Demand Letter
15/11/2024 14:52
Nov 15 (Reuters) - China Vanadium Titano Magnetite
Mining Co Ltd 0893.HK :
* FORMER UNIT RECEIVED LEGAL DEMAND LETTER FROM CHINA CINDA
ASSET
MANAGEMENT
* DEMAND LETTER REQUIRING IMMEDIATE REPAYMENT OF PRINCIPAL
INDEBTEDNESS OF RMB141.0 MILLION
* UNIT INFORMED CO IT IS UNLIKELY TO BE ABLE TO MAKE
IMMEDIATE
REPAYMENT OF AMOUNT
* AMOUNT IS OUTSTANDING DEBT OWED BY FORMER UNIT UNDER LOAN
FACILITIES EXTENDED BY CHINA MERCHANT BANK
Further company coverage: 0893.HK
((Reuters.Briefs@thomsonreuters.com;))
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