Brief: Singamas Container Says Talks Between Co & PIL Group On Repayment Plan Still On-Going

Singamas Container Holdings

29/09/2020 02:24

Sept 29 (Reuters) - Singamas Container Holdings Ltd
 0716.HK :
    * DISCUSSION BETWEEN GROUP & PIL GROUP IN RELATION TO
REPAYMENT
PLAN IS STILL ON-GOING
    * AS AT 30 JUNE, AGGREGATE AMOUNT OF TRADE RECEIVABLES DUE
FROM
PIL GROUP US$149.7 MILLION , MAJORITY OF WHICH IS OVERDUE
    * ASSUMING REPAYMENT PROPOSAL IS CONSUMMATED BY END OF 2020,
MODIFICATION OF FINANCIAL ASSETS WILL CAUSE LOSS FOR FY ENDING
31 DEC

Source text for Eikon:  ID:nHKS7DJjrk 
Further company coverage:  0716.HK 

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