Brief: Puxing Energy Says On 12 May Received Letter Issued By Law Firm Acting For Puxing International

Puxing Energy

31/05/2023 16:21

May 31 (Reuters) - Puxing Energy  0090.HK :
    * ON 12 MAY CO RECEIVED A LETTER DATED 11 MAY 2023 ISSUED BY
A LAW
FIRM ACTING FOR PUXING INTERNATIONAL
    * CURRENTLY ASSESSING IMPACT OF DEMAND LETTER ON ITS
BUSINESS, AND
OPERATIONS
    * INTENDS TO FURTHER NEGOTIATE WITH PUXING INTERNATIONAL ON
EXTENSION FOR REPAYMENT OF OUTSTANDING AMOUNT
    * DEMAND LETTER ISSUED IN RELATION TO LOAN FACILITY OF
HK$137.3
MILLION ADVANCED TO CO PURSUANT TO LOAN AGREEMENT DATED 31 DEC
2017
    * CO WAS NOT ABLE TO REPAY OUTSTANDING AMOUNT WITHIN 10
WORKING
DAYS FROM DATE OF RECEIPT OF DEMAND LETTER

Source text for Eikon:  ID:nHKS2KnP8J 
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