Brief: Skyfame Realty Says Was Informed Controlling Shareholder Forcibly Sold Shares After April 22

Skyfame Realty (Holdings)

27/04/2022 16:21

April 27 (Reuters) - Skyfame Realty (Holdings) Ltd
 0059.HK :
    * INFORMED THAT ON 22 APRIL, DUE TO PLUNGE IN SHARE PRICE OF
CO,
CONTROLLING SHAREHOLDER FORCIBLY SOLD SHARES
    * CONTROLLING SHAREHOLDER FORCIBLY SOLD SECURITIES THROUGH A
MARGIN SECURITIES ACCOUNT
    * AS AT 27 APRIL BOARD HAS CONFIRMED THAT CO IS OPERATING
NORMALLY
AND THAT THERE HAS NOT BEEN ANY DEFAULT ON ITS EXISTING DEBTS
    * AS AT 27 APRIL, CREDITORS HAVE NOT MADE ANY NEW DEMANDS TO
GROUP
    * CREDITORS ARE DISCUSSING POSSIBLE IMPACT OF MATTERS ON
LOAN
AGREEMENTS
    * AFTER FORCED SALE OF SHARES, SHARES HELD BY CONTROLLING
SHAREHOLDER AS AT DATE WERE REDUCED TO 5.52 BILLION SHARES
    * MADE APPLICATION FOR RESUMPTION OF TRADING IN SHARES AND
TEN
BONDS FROM 28 APRIL

Source text for Eikon:  ID:nHKS69y9dg 
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