Brief: CWT International Says Co Failed To Pay Accrued Interests & Certain Fees Worth Hk$63 Mln To Lenders
16/04/2019 02:46
April 16 (Reuters) - CWT International Ltd 0521.HK :
* CO FAILED TO PAY ACCRUED INTERESTS & CERTAIN FEES WORTH
HK$63
MILLION TO LENDERS WHICH HAVE BECOME DUE UNDER FACILITY
AGREEMENT
* LENDERS SAID IF OUTSTANDING AMOUNTS NOT REPAID BY 9 AM ON
17
APRIL, WILL ENFORCE SECURITY,OBTAIN POSSESSION OF ALL CHARGED
ASSETS
* SECURITY INCLUDES CO'S STAKE IN CWT PTE, INVESTMENT
PROPERTIES
IN UK AND U.S. RESPECTIVELY, AND GOLF COURSES IN CHINA
Source text for Eikon: ID:nHKSbP8HZ7
Further company coverage: 0521.HK
((Reuters.Briefs@thomsonreuters.com;))
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