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1132 Orange Sky Golden Harvest Entertainment (Holdings) News Story

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Brief: Orange Sky Golden Harvest Entertainment Says On 26 May, Appeal Notice Submitted To Court

BRIEF-Orange Sky Golden Harvest Entertainment Says On 26 May, Appeal Notice Submitted To Court 

- Orange Sky Golden Harvest Entertainment (Holdings) Ltd 1132.HK:

  • CO FILED APPLICATION TO STAY EXECUTION PROCEEDINGS ON TWO ORDERS MADE IN JUDGMENT

  • ON 26 MAY APPEAL NOTICE SUBMITTED TO COURT ON JUDGMENT BE IN FAVOUR OF OSGH PARTIES VERSUS TRUE VISION, NAN HAI

  • APPEAL FILED IN SUM OF RMB433.5 MILLION

  • NOTES EXISTING CASH AND FINANCIAL RESOURCES ARE SUFFICIENT TO COVER ANY POTENTIAL PAYMENT OBLIGATION

  • JUDGMENT DOES NOT HAVE MATERIAL ADVERSE IMPACT ON OVERALL OPERATIONS OR FINANCIAL POSITION

Further company coverage: 1132.HK


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

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