Brief: Pavillon Holdings Says Fengchi IoT Management & Pavillon Financial Leasing Got A Letter Of Demand
16/06/2022 11:27
June 16 (Reuters) - Pavillon Holdings Ltd PAVI.SI :
* FENGCHI IOT MANAGEMENT CO & PAVILLON FINANCIAL LEASING CO
GOT A
LETTER OF DEMAND DATED 13 JUNE
* LETTER OF DEMAND FROM SOLICITOR REPRESENTING ZHEJIANG
ZHONGCHENG
CONSTRUCTION GROUP CO
* LETTER OF DEMAND FOR PAYMENT OF SUM OF RMB152.9 MILLION
BEFORE
20 JUNE
* AMOUNT FOR FINANCING ARRANGEMENTS SECURED BY FENGCHI IOT
MANAGEMENT FOR DEFERRED PAYMENTS OF PORTION OF TOTAL
CONSTRUCTION COSTS
* INTENDS TO NEGOTIATE EXTENSION OF PAYMENT TIMELINE WITH
ZHEJIANG
ZHONGCHENG CONSTRUCTION
Source text for Eikon: ID:nSN8xjvLJ
Further company coverage: PAVI.SI
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