Brief: Hoe Leong Corporation Updates On Statutory Demand From UOB
02/09/2019 10:40
Sept 2 (Reuters) - Hoe Leong Corporation Ltd HLEC.SI :
* UPDATES ON STATUTORY DEMAND FROM ALLEN & GLEDHILL LLP FOR
PAYMENT OF S$5.7 MILLION
* WITH STATUTORY DEMAND FROM UOB, COMPANY IS UNABLE TO
REASONABLY
ASSESS ITS FINANCIAL POSITION
* PRESENTLY SEEKING LEGAL ADVICE AND IS ENGAGING WITH UOB TO
REMEDY SITUATION
* UNIT CURRENTLY HAS SUFFICIENT FUNDS IN ITS BANK ACCOUNT
WITH UOB
TO FULLY SETTLE ITS OUTSTANDING PRINCIPAL REPAYMENTS
Source text for Eikon: urn:newsml:reuters.com:*:nSN93ZMTW
Further company coverage: HLEC.SI
((Reuters.Briefs@thomsonreuters.com;))
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