Brief: Stella International Says Chapter 11 Cases By Rockport And Nine West May Impact Results

Stella International Holdings

15/05/2018 13:33

May 15 (Reuters) - Stella International Holdings Ltd
 1836.HK :
    * INFORMED THAT ROCKPORT CO AND CERTAIN AFFILIATES FILED FOR
BANKRUPTCY PROTECTION UNDER CHAPTER 11 OF UNITED STATES
BANKRUPTCY CODE
    * OF VIEW FILING CHAPTER 11 CASES BY ROCKPORT AND  NINE WEST
MAY
HAVE  MATERIAL ADVERSE IMPACT ON RESULTS AND OPERATIONS OF CO
    * TOTAL OUTSTANDING TRADE RECEIVABLES OWED BY ROCKPORT AND
NINE
WEST AMOUNTED TO ABOUT US$21.0 MILLION
    * IS EXPECTED THAT PART OF OUTSTANDING TRADE RECEIVABLES CAN
BE
RECOVERED FROM INSURANCE

Source text for Eikon:  ID:nHKSc1MvqQ 
Further company coverage:  1836.HK 

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