Brief: Sterling Group Notes Major Customers' Parent Co Filing For Protection In U.S. Federal Bankruptcy Court
04/05/2020 16:29
May 4 (Reuters) - Sterling Group Holdings Ltd 1825.HK :
* NOTES ONE OF GROUP'S MAJOR CUSTOMERS' PARENT CO FILING FOR
CHAPTER 11 PROTECTION IN FEDERAL BANKRUPTCY COURT IN U.S.
* FILING OF CHAPTER 11 PROTECTION BY MAJOR CUSTOMER'S PARENT
CO
MAY HAVE ADVERSE IMPACT ON BUSINESS OPS OF GROUP
* IN COURSE OF ASSESSING POTENTIAL IMPACT ON FINANCIAL
POSITION &
BUSINESS OPERATIONS OF GROUP
Source text for Eikon: ID:
Further company coverage: 1825.HK
((Reuters.Briefs@thomsonreuters.com;))
Recent news on Sterling group
See all newsBrief: Sterling Group Terminates Placing Agreement
Brief: Sterling Group Enters Placing Agreement For Up To 8.3 Million Shares At Hk$6.80 Each
Brief: Sterling Group Appoints Xie Jianfeng As Executive Director
Brief: Sterling Group Expects 2026 Net Loss Of Hk$59.2 Million-Hk$65.4 Million
Brief: Sterling Group Announces Early Repayment Of HK$10.88 MLN On 7 July From Santai To Group