Brief: China Kangda Food Co responds to SGX Queries
29/08/2016 10:35
Aug 29 (Reuters) - China Kangda Food Co Ltd 0834.HK : * Qingdao Kangda Foreign Trade agreed to provide continuing financial support to enable co to continue day-to-day operations as going concern * Is actively negotiating with the banks to seek for renewal of the outstanding bank borrowings * "Group is taking step to improve operating result that includes closing non-performing business operations" * Obtained confirmation from banker, which confirmed to renew certain bank borrowings, of RMB 170 mln, to the group for another year * Source text for Eikon ID:nSNZY4hVR ((Further company coverage: 0834.HK )) ((Bangalore.newsroom@thomsonreuters.com))
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