Brief: Shanghai Dasheng Agriculture Finance Technology Confirms Two Legal Proceedings Against Unit

Shanghai Dasheng Agriculture Finance Technology Co

18/07/2018 16:10

July 18 (Reuters) - Shanghai Dasheng Agriculture Finance
Technology Co Ltd  1103.HK :
    * CONFIRMS ON 10 APRIL TIANJIN GALAXY COMMERCIAL FACTORING
CO
FILED STATEMENT OF CLAIM AGAINST UNIT
    * STATEMENT OF CLAIM FOR BREACH OF REFACTORING AGREEMENTS
FOR
DEFAULT IN REPAYMENT OF RMB255 MILLION
    * ALSO CONFIRMS ON 19 JUNE NANJING DASHENG COLD CHAIN
LOGISTICS CO
FILED CLAIM STATEMENT AGAINST UNIT
    * STATEMENT OF CLAIM FILED BY NANJING DASHENG FOR BREACH OF
WORKING CAPITAL LOAN OF RMB209.4 MILLION
    * TIANJIN GALAXY & NANJING DASHENG LEGAL PROCEEDINGS DO NOT
AFFECT
NORMAL OPERATION OF GROUP

Source text for Eikon:  ID:nHKS7qZzMQ 
Further company coverage:  1103.HK 

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