Brief: KNT Holdings Says One Of Its Major U.S. Customers' Parent Co Filed For Bankruptcy Protection
05/05/2020 15:32
May 5 (Reuters) - KNT Holdings Ltd 1025.HK :
* ONE OF GROUP'S MAJOR CUSTOMERS ON 4 MAY SAID ITS PARENT CO
FILED
FOR BANKRUPTCY PROTECTION UNDER CHAPTER 11 IN COURT
* BOARD IN PROCESS OF SEEKING LEGAL ADVICE FOR RECOVERING
AMOUNT
DUE FROM GROUP'S MAJOR CUSTOMERS FOR RECOVERING AMOUNT DUE
* FILING OF CHAPTER 11 BY CUSTOMER MAY HAVE ADVERSE IMPACT
ON
BUSINESS OPS & FINANCIAL POSITION OF GROUP
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(Reuters.Briefs@thomsonreuters.com)
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