Brief: Starland Holdings Responds To Queries By SGX-ST

Luminor Financial Holdings

22/06/2020 14:42

June 22 (Reuters) - Starland Holdings Ltd  STHO.SI :
    * RESPONDS TO QUERIES BY SGX-ST ON ANNOUNCEMENT IN RELATION
TO
BANK ACCOUNTS IN CHINA BEING FROZEN
    * FROZEN AMOUNT OF RMB25.39 MILLION IS ABOUT 20.28% OF TOTAL
CASH
& BANK BALANCE
    * HAS SUFFICIENT FUNDS IN CHINA TO BE ABLE TO SETTLE ANY
OBLIGATIONS OR LIABILITIES PAYABLE TO OUR VENDORS AND EMPLOYEES
    * NOT TO DATE RECEIVED ANY NOTIFICATION FROM RELEVANT
REGULATORS /
AUTHORITIES REGARDING SUSPENSION OF BANK ACCOUNTS

Source text for Eikon:  urn:newsml:reuters.com:*:nSNZ16Gd6j
Further company coverage:  STHO.SI 

 (Reuters.Briefs@thomsonreuters.com)