Brief: FDG Electric Vehicles Updates On A Winding Up Petition

FDG Electric Vehicles

04/03/2020 14:29

March 4 (Reuters) - FDG Electric Vehicles Ltd  0729.HK :
    * ON 2 MARCH CO GOT LETTER FROM LEGAL ADVISERS FOR JINGANG
GROUP
INVESTMENT ON ORDER THAT CO BE WOUND UP BY COURT
    * CLARIFIES CO DOES NOT OWE ANY MONEY TO PETITIONER &
PETITION WAS
NOT MADE ON INSOLVENCY GROUND
    * WILL DEFEND PETITION
    * BOARD UNCERTAIN WHETHER PETITION WAS DULY FILED WITH
AND/OR
APPROVED BY COURT FOR ISSUE TO CO
    * TRADING IN SHARES WILL RESUME AT 9:00 A.M. ON 5 MARCH 2020
    * INTENDS TO APPLY TO COURT FOR VALIDATION ORDER TO VALIDATE
ISSUE
OF RIGHTS SHARES

Source text for Eikon:  ID:nHKSbdnQFW 
Further company coverage:  0729.HK 

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