Brief: Redco Properties Says It Will Suspend Payment Under Its Offshore Debts
29/12/2022 15:07
Dec 29 (Reuters) - Redco Properties Group Ltd 1622.HK :
* IN VIEW OF TIGHT LIQUIDITY, GROUP WILL SUSPEND ITS PAYMENT
UNDER
ITS OFFSHORE DEBTS
* WILL PROACTIVELY ENGAGE WITH GROUP'S OFFSHORE CREDITORS
AND SEEK
THEIR SUPPORT
* AS OF DATE, GROUP HAS NOT RECEIVED ANY NOTICE REGARDING
ACCELERATION OF OFFSHORE REPAYMENT
Source text for Eikon: ID:nHKSkYvbt
Further company coverage: 1622.HK
((Reuters.Briefs@thomsonreuters.com;))
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