Brief: New City Development Group updates on judgment granted by PRC court
25/11/2015 11:47
Nov 25 (Reuters) - New City Development Group Ltd 0456.HK : * Judgment granted by prc court 0456.HK * Says presently still has sufficient financial resources for satisfying the judgment debt * Says received the legal advice from PRC lawyer which confirms that the company must perform its obligations under the judgment * Says board considers that judgment debt has a material adverse effect on the financial position of the co * Will actively liaise with the plaintiff and explore all possible means for payment of the judgment debt * Judgment debt amounted to RMB27.6 million as at 18 November Source text for Eikon ID:nHKS5Pr0fv ((For more news, please click here 0456.HK )) ((Bengaluru Newsroom; +91 806749 1130))
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