Brief: Qingling Motors Says On 12 Dec, Co Received Enforcement Order Dated 4 November From Shenzhen Court

Qingling Motors

20/12/2019 14:36

Dec 20 (Reuters) - Qingling Motors Co Ltd  1122.HK :
    * ON 12 DEC, CO RECEIVED ENFORCEMENT ORDER DATED 4 NOVEMBER
FROM
SHENZHEN COURT
    * AS PER ORDER, PROPERTIES OF CUSTOMER, RELEVANT GUARANTORS
& CO
IN AMOUNT OF ABOUT RMB138 MILLION SHALL BE SEIZED, FROZEN OR
TRANSFERRED
    * BASED ON RULING, BANK BALANCES OF COMPANY SHALL BE
INCREASED
FROM RMB80 MILLION TO ABOUT RMB138 MILLION
    * HAS APPLIED TO SUPREME PEOPLE'S COURT OF PRC FOR RETRIAL

Source text for Eikon:  urn:newsml:reuters.com:*:nHKSbjlwHC
Further company coverage:  1122.HK 

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