Brief: Solis Holdings Says Co Informed Of Dispute To Which HMK Investment Is A Party

Solis Holdings

22/05/2020 10:32

May 22 (Reuters) - Solis Holdings Ltd  2227.HK :
    * INFORMED OF A DISPUTE TO WHICH HMK INVESTMENT HOLDINGS IS
A
PARTY
    * DISPUTE INVOLVED DEED OF MORTGAGE DATED 19 JUNE 2019
EXECUTED BY
HMK INVESTMENT IN FAVOUR OF A LENDER
    * INFORMED THAT HMK INVESTMENT HAS ALREADY SOUGHT LEGAL
ADVICE IN
RELATION TO DISPUTE
    * UNDER DEED, 519.8 MILLION SHARES OF CO HELD BY HMK
INVESTMENT
PLEDGED AS SECURITY
    * BOARD INFORMED HMK TOOK ACTIONS AGAINST APPOINTMENT OF
RECEIVER
& MANAGER AND TO PROTECT ITS INTEREST ON PLEDGED SHARES
    * AT PRESENT OPERATIONS & FINANCIAL POSITION OF GROUP
RUNNING
NORMALLY, DISPUTE HAS NO SIGNIFICANT IMPACT ON BUSINESS
OPERATION

Source text for Eikon:  ID:nHKS2XLj5R 
Further company coverage:  2227.HK 

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