Brief: Fox E-Mobility Says Yangji Informed That Delay In Fund Transfer Is Due To Regulator Delaying To Process All Necessary Approvals For Overseas Investments

fox e-mobility AG

20/11/2023 18:10

Nov 20 (Reuters) - Fox E-Mobility AG  CT4.D :
    * FOX E-MOBILITY - YANGJI  INFORMED THAT DELAY IN FUND
TRANSFER IS
DUE TO REGULATOR DELAYING TO PROCESS ALL NECESSARY APPROVALS FOR
OVERSEAS INVESTMENTS
    * DELAY IS NOT DUE TO FINANCIAL CONDITIONS OF YANGJI GROUP
    * FOX E-MOBILITY-ADDITIONAL DELAY WILL AUTOMATICALLY LEAD TO
POSTPONEMENT IN PUBLICATION OF CO'S 2022 ACCOUNTS, WHICH WAS
SCHEDULED FOR END OF DEC 2023
    * YANGJI ALSO CONFIRMED TRANSFER EXECUTION DATES OF KOREAN
BANK
ARE NOW SCHEDULED ON 22.11. AND 30.11. RESPECTIVELY
    * FINANCIAL CALENDAR WILL NEED TO BE UPDATED AGAIN AS SOON
AS
FUNDS HAVE REACHED FOX E-MOBILITY

Source text for Eikon:  ID:nEQ3y83MZa 
Further company coverage:  CT4.D 

 ((Reuters.Briefs@thomsonreuters.com;))