Brief: LET Group Updates On Disposal Of Property

LET group

01/11/2023 24:37

Nov 1 (Reuters) - LET Group Holdings Ltd  1383.HK :
    * DISPOSAL OF PROPERTY
    * BUYER NAUTICAWT ENERGY PTE FAILED TO PAY REMAINING BALANCE
OF
PURCHASE PRICE OF $22.6 MILLION BY 31 OCT
    * TERMINATION OF SALE AND PURCHASE AGREEMENT WILL NOT HAVE
ANY
MATERIAL ADVERSE IMPACT ON FINANCIAL POSITION AND OPERATIONS OF
GROUP
    * TERMINATION OF SALE AND PURCHASE AGREEMENT INVOLVING
DISPOSAL OF
PROPERTY LOCATED AT AZA-YAMADA, JAPAN
    * AFTER TERMINATION DEPOSIT IN TOTAL SUM OF US$5 MILLION HAS
BEEN
FORFEITED
    * UNIT WILL EXTINGUISH ANY AND ALL MORTGAGES ESTABLISHED
OVER
PROPERTY IN FAVOUR OF BUYER

Further company coverage:  1383.HK 

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