Brief: Wealthy Way Group Says Aware Of Debt Restructuring Application By Grand China Air In Hainan Court

Haosen Fintech

01/02/2021 23:16

Feb 2 (Reuters) - Wealthy Way Group Ltd  3848.HK :
    * AWARE OF APPLICATION OF CUSTOMER GRAND CHINA AIR IN HAINAN
COURT
FOR DEBT RESTRUCTURING AND REORGANISATION BY DEBTORS
    * AS AT DATE, OUTSTANDING FINANCIAL LEASING RECEIVABLES FROM
CUSTOMER AMOUNTED TO AROUND RMB250 MILLION
    * BOARD EXPECTS CUSTOMER'S RESTRUCTURING, REORGANISATION MAY
HAVE
SIGNIFICANT IMPACT ON GROUP'S BUSINESS OR FINANCIAL CONDITION

Source text for Eikon:  urn:newsml:reuters.com:*:nHKS2yxdz0
Further company coverage:  3848.HK 

 (Reuters.Briefs@thomsonreuters.com)