Brief: Shuang Yun Says Double-Trans Received Demand Notice Dated 24 July 2023

Shuang Yun Holdings

10/08/2023 15:47

Aug 10 (Reuters) - Shuang Yun Holdings Ltd  1706.HK :
    * ON 24 JULY 2023, DOUBLE-TRANS RECEIVED A DEMAND NOTICE
DATED 24
JULY 2023 FROM A BANK IN SINGAPORE
    * DEMAND NOTICE IN RELATION TO A BREACH OF A BANKING
FACILITY
DATED 3 FEB 2023 EXTENDED TO DOUBLE-TRANS
    * BANK ALLEGED DOUBLE-TRANS WAS IN DEFAULT OF SAID BANKING
FACILITY AND DEMANDED PAYMENT OF  S$7 MILLION TOGETHER WITH
ACCRUED INTEREST
    * ON 28 JULY 2023, SAMCO RECEIVED A DEMAND LETTER DATED 27
JULY
2023 FROM A CONTRACTOR
    * DEMAND LETTER IN RELATION TO OUTSTANDING AMOUNTS UNDER
VARIOUS
INVOICES ISSUED TO SAMCO

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