Brief: Fantasia Holdings Gets Notice From TFI Securities And Futures Ltd

Colour Life Services

10/12/2021 13:55

Dec 10 (Reuters) - Fantasia Holdings Group Co Ltd  1777.HK :
    * RECEIVED A NOTICE FROM TFI SECURITIES AND FUTURES LIMITED
    * NOTICE ALLEGED THAT COMPANY HAS NOT DISCHARGED ITS PAYMENT
OBLIGATIONS OWED TO TFISF IN ALLEGED AMOUNT OF APPROXIMATELY
US$96.98 MILLION
    * APPLICATION HAS BEEN MADE FOR RESUMPTION OF TRADING IN
SHARES OF
CO ON STOCK EXCHANGE FROM 13 DEC
    * TFISF ALLEGED THAT 780.1 MILLION SHARES IN COLOUR LIFE
SERVICES
HELD BY TFISF AS CUSTODIAN FOR CO SUBJECT TO A CHARGE AS
SECURITY
    * CO IS OF VIEW THAT ALLEGED AMOUNT OWED TO TFISF IS NOT
SECURED
BY RELEVANT SHARES
    * SEEKING LEGAL ADVICE ON "UNAUTHORISED ATTEMPT TO ENFORCE
PURPORTED SECURITY"

Further company coverage:  1777.HK 

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