Brief: Weiye Holdings Says Units Received Summons Issued By Zhengzhou Intermediate People's Court, Henan Province

DJSH International Holdings

27/09/2022 16:00

Sept 27 (Reuters) - Weiye Holdings Ltd  1570.HK :
    * UNITS RECEIVED SUMMONS ISSUED BY ZHENGZHOU INTERMEDIATE
PEOPLE'S
COURT, HENAN PROVINCE
    * PLAINTIFF CLAIMED THAT LOANS BORROWED WERE NOT REPAID BY
HENAN
XINGWEI AS AGREED AFTER MATURITY
    * LOANS BORROWED IN AGGREGATE AMOUNT OF RMB960 MILLION TO BE
USED
AS EXPENSES IN HENAN XINGWEI'S RESETTLEMENT HOUSING PROJECT
    * CO AND UNITS DENY THAT AMOUNT WAS LOAN UNDER LEGAL
RELATIONSHIP
OF PRIVATE LENDING, AMONG OTHERS

Source text for Eikon:  ID: 
Further company coverage:  1570.HK