Brief: Crocodile Garments Says Rich Promise Ltd Received Judgement By High Court On 22 April

Crocodile Garments

11/08/2020 16:15

Aug 11 (Reuters) - Crocodile Garments Ltd  0122.HK :
    * RICH PROMISE LTD RECEIVED A JUDGEMENT BY HIGH COURT ON 22
APRIL
    * COURT RULED AGAINST SELLING SHAREHOLDER & ORDERED IT TO
RETURN
HK$30 MILLION TO POTENTIAL PURCHASER, AN INDEPENDENT THIRD PARTY
    * SELLING SHAREHOLDER DECIDED TO APPEAL AGAINST JUDGEMENT TO
COURT
OF APPEAL OF HK &PROCEDURE OF APPEAL IS IN PROGRESS
    * ON 10 AUG, CO RECEIVED A LETTER FROM SOLICITORS OF
POTENTIAL
BUYERS ON A CHARGING ORDER
    * UNDER ORDER, AS SUBJECT SUM & COSTS REMAIN DUE, SELLING
SHAREHOLDER'S INTEREST IN ASSET ORDERED TO BE CHARGED WITH
JUDGEMENT SUM

Source text for Eikon:  urn:newsml:reuters.com:*:nHKS4ltW5q
Further company coverage:  0122.HK 

 (Reuters.Briefs@thomsonreuters.com)