Brief: Ri Ying Says Unit Is Involved In Certain Disputes To Payments Owed To Fong On

Shing Chi Holdings

20/01/2023 14:40

Jan 20 (Reuters) - RI Ying  1741.HK :
    * UNIT IS INVOLVED IN CERTAIN DISPUTES IN CONNECTION TO
PAYMENTS
OWED TO FONG ON AS MAIN CONTRACTOR
    * DISPUTES IN CONNECTION TO PAYMENTS OWED TO FONG ON AS MAIN
CONTRACTOR FOR CARRYING OUT CERTAIN DESIGN & CONSTRUCTION WORKS
FOR A SCHOOL IN HK
    * FONG ON DISPUTES SCHOOL FAILED TO PAY FONG ON IN
ACCORDANCE WITH
PAYMENT TERMS AGREED AND HAS UNDERVALUED WORKS CARRIED OUT
    * AS AT DATE, FONG ON HAS NOT RECEIVED ANY REPLY FROM SCHOOL
IN
RELATION TO REQUEST FOR MEDIATION
    * ON JAN 18, FONG ON HAS SUBMITTED A WRITTEN NOTICE TO
SCHOOL
REQUESTING DISPUTES TO BE REFERRED TO MEDIATION

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