Brief: Addchance Holdings updates on outstanding principal and interest accrued

GTI Holdings

23/02/2016 08:21

Feb 23 (Reuters) - Addchance Holdings Ltd  3344.HK : 
 * According to letter, aggregate amount of outstanding principal and interest accrued up to 20 January 2016 was approximately USD21.4 million 
 * Says reference is made to the announcement of the company dated 5 February 2016 
 * Co believes that bank may not take immediate action against company at this stage in light of ongoing negotiation 
 * Debt is secured by certain land parcels and bank deposits held by an indirect wholly-owned subsidiary of the company 
 * "Co is in the process of negotiation with the bank and has already settled a portion of the compensation required for the depreciation of renminbi" 
 
 * Source text for Eikon  ID:nHKS3PyB9V  
 
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