Brief: Daqing Dairy Holdings Updates On Trading Resumption Conditions

Longhui International Holdings

05/07/2018 12:25

July 5 (Reuters) - Daqing Dairy Holdings Ltd  1007.HK :
    * UPDATES ON TRADING RESUMPTION CONDITIONS
    * ALLOTTED AND ISSUED 3.79 BILLION CONSIDERATION SHARES IN
AGGREGATE PRINCIPAL AMOUNT OF HK$129.5 MILLION
    * ALSO PLACED 757.9 MILLION SHARES AT HK$0.1025 PER PLACING
SHARE
    * ENTERED DEBT ASSIGNMENT AGREEMENT WITH GLOBAL COURAGE FOR
GLOBAL
TO TAKE ALL OUTSTANDING AMOUNT DUE TO A DECONSOLIDATED UNIT
    * "CONDITIONS INDICATE A MATERIAL UNCERTAINTY ON COMPANY'S
ABILITY
TO CONTINUE AS A GOING CONCERN"
    * DIRECTORS EXPECT NEWLY ACQUIRED HOT POT BUSINESS TO
GENERATE &
CONTRIBUTE SUFFICIENT WORKING CAPITAL FOR CO'S FUTURE OPERATION
    * MADE APPLICATION FOR RESUMPTION OF TRADING IN CONSOLIDATED
SHARES WITH EFFECT FROM 6 JULY

Source text for Eikon:  ID:nHKS9mzG4g 
Further company coverage:  1007.HK 

 ((Reuters.Briefs@thomsonreuters.com;))