Brief: Balk 1798 Group Says One Of Bank Accounts Of Balk Yacht (Hainan) Frozen

Sky Blue 11

28/04/2023 15:58

April 28 (Reuters) - Balk 1798 Group Ltd  1010.HK :
    * ONE OF BANK ACCOUNTS OF BALK YACHT (HAINAN) FROZEN
    * CONFIRMS OPERATIONS OF GROUP REMAIN NORMAL AND BELIEVES
RULING
WILL NOT HAVE ANY MATERIAL ADVERSE EFFECT ON GROUP
    * BANK ACCOUNTS OF BALK YACHT (HAINAN) FROZEN AS A RESULT OF
A
RULING IN RESPECT OF PRESERVATION OF FROZEN ACCOUNTS RECEIVABLE
    * CURRENTLY SEEKING LEGAL ADVICE FROM PRC LEGAL ADVISERS IN
RELATION TO UNFREEZING OF BALK HAINAN'S BANK ACCOUNT
    * ACCOUNTS FROZEN AFTER RULING ON 11 APRIL AGAINST LIAONING
JINLONG MEGA YACHT MANUFACTURING FOR FAILURE TO REPAY LOAN
BORROWED FROM BANK

Source text for Eikon:  ID:nHKSbmsySK 
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 ((Reuters.Briefs@thomsonreuters.com;))