Brief: Hidili Industry International Development says liquidity position continues to be challenged

Hidili Industry International Development

28/02/2017 23:44

March 1 (Reuters) - Hidili Industry International 
Development Ltd  1393.HK - 
    * Group is negotiating with banks to roll over loan 
repayments and extend repayment of interests 
    * Group is negotiating with its lenders to restructure of 
their debt to equity 
    * Group is looking for potential investors to invest to 
company 
    * "Up to date of these financial statements, negotiations 
with holders are still ongoing" 
    * "liquidity position continues to be challenged" 
    * Fy15 revenue rmb422.8 million down 41.3 percent 
    * Board does not propose payment of any final cash dividend. 
    * Fy15 net loss rmb2.29 billion versus loss of rmb1.42 
billion 
 
Source text for Eikon:  ID:nHKS1M5bPg  
Further company coverage:  1393.HK  
 
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