Brief: Coolpad Group updates on civil complaint received from Ping An Bank Co.

Coolpad

26/07/2017 23:58

July 27 (Reuters) - Coolpad Group Ltd  2369.HK  : 
    * Recently received a civil complaint from Ping An Bank Co., 
ltd. 
    * Civil complaint against a subsidiary of company, Yulong 
Computer Communication Technology,two subsidiaries of group 
    * Plaintiff alleged that financial situation of a subsidiary 
of group, as one of guarantors, has deteriorated 
    * Plaintiff requests court to order an immediate repayment 
of all principals and interests of loan for a total of RMB80 
million 
    * Company is of view that loan has not yet expired 
 
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