Brief: Peking University Resources Posts HY Revenue RMB 2.65 Bln

Peking University Resources (Holdings)

27/08/2020 16:19

Aug 27 (Reuters) - Peking University Resources (Holdings)
Company Ltd  0618.HK :
    * PEKING UNIVERSITY RESOURCES (HOLDINGS) COMPANY LTD- HY
REVENUE
RMB 2.65 BILLION VERSUS RMB 8.59 BILLION
    * PEKING UNIVERSITY RESOURCES (HOLDINGS) COMPANY LTD-HY LOSS
ATTRIBUTABLE RMB 458.1 MILLION VERSUS  PROFIT RMB 129.1 MILLION
    * PEKING UNIVERSITY RESOURCES (HOLDINGS) -  AS AT 30 JUNE,
BORROWINGS AGGREGATE OF RMB4.60 BILLION & RMB5.40 BILLION WERE
OVERDUE
    * PEKING UNIVERSITY RESOURCES (HOLDINGS)-CONDITIONS INDICATE
MATERIAL UNCERTAINTIES THAT CAST DOUBT ON ABILITY TO CONTINUE AS
GOING CONCERN
    * PEKING UNIVERSITY RESOURCES (HOLDINGS) -  HAS SUBMITTED
WRITTEN
LOAN EXTENSION APPLICATIONS TO 2 LENDERS FOR LOAN AMOUNT OF
RMB1.81 BILLION
    * PEKING UNIVERSITY RESOURCES (HOLDINGS) -  IN ACTIVE VERBAL
NEGOTIATION WITH 10 LENDERS TO EXPLORE LOAN EXTENSION WITH
AMOUNT OF RMB3.16 BILLION
    * PEKING UNIVERSITY RESOURCES (HOLDINGS)-ACCOUNTING FOR LOAN
EXTENSION, OTHER MEASURES, CO WILL HAVE FINANCIAL RESOURCES TO
CONTINUE AS GOING CONCERN

Source text for Eikon:  urn:newsml:reuters.com:*:nHKS6Pl56d
Further company coverage:  0618.HK 

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