Brief: Crown International Updates On Debts Owed to Luxuriant

Sinopros

21/10/2021 14:58

Oct 21 (Reuters) - Crown International Corp Ltd  0727.HK :
    * AS ON 21 OCT, INDEBTED TO LUXURIANT AND CERTAIN OTHER
CREDITORS
FOR TOTAL DEBTS
    * TOTAL DEBTS OF AGGREGATE PRINCIPAL AMOUNTS AND ACCRUED
INTERESTS
OF RMB141.2 MILLION AND HK$87.3 MILLION, RESPECTIVELY
    * GROUP FAILED TO SETTLE TOTAL DEBTS
    * CO & LUXURIANT AGREED TO DEAL WITH TOTAL DEBT BY ENTERING
INTO
DEED
    * TRANSFERRED ALL ITS LEGAL INTERESTS IN AND OVER GRANDLIFE
INVESTMENT CO TO LUXURIANT

Source text for Eikon:  ID:nHKS2m5kY9 
Further company coverage:  0727.HK 

 (Reuters.briefs@thomsonreuters.com)