Brief: Yuhua Energy Updates On Claim About Disputes Over Loan Agreement Against Unit, Others

Jintai Energy Holdings

18/11/2019 15:30

Nov 18 (Reuters) - Yuhua Energy Holdings Ltd  2728.HK :
    * CLAIM IN RESPECT OF DISPUTES OVER LOAN AGREEMENT MADE BY
XIAMEN
BRANCH OF BANK OF COMMUNICATIONS AGAINST UNIT, OTHERS
    * COURT OF XIAMEN CITY ORDERS FREEZING ORDER BE GRANTED
AGAINST
DEFENDANTS FOR ASSETS OR PROPERTIES IN AMOUNT OF RMB206 MILLION
    * COURT ORDERED THAT STAKE OF FUJIAN YUHUA PETROCHEMICAL OF
RMB150
MILLION CHARGED BY FUJIAN YUHUA TO PLAINTIFF BE
SEIZED/AUCTIONED/REALIZED

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