Brief: Labixiaoxin Snacks Group updates on legal proceeding on nonrepayment of entrusted loan granted to Quanzhou
10/03/2017 11:23
March 10 (Reuters) - Labixiaoxin Snacks Group Ltd 1262.HK
* Lending bank initiated legal proceeding with Quanzhou
intermediate people's court in PRC against borrower & its fellow
unit
* Legal proceeding is still on a preliminary stage
* Reference is made to announcements of co dated 7 August
2015 and 27 August 2015 in relation to entrusted loan agreement
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