Brief: Strong Petrochemical Updates On Legal Proceedings In Relation To Unpaid Trade Debts

Strong Petrochemical Holdings

12/10/2020 11:26

Oct 12 (Reuters) - Strong Petrochemical Holdings Ltd
 0852.HK :
    * UNIT INSTITUTED LEGAL PROCEEDINGS AGAINST SHANDONG YUHUANG
SHENGSHI CHEMICAL, SHANDONG YUHUANG CHEMICAL & AN INDIVIDUAL
    * INSTITUTED LEGAL PROCEEDINGS IN RELATION TO UNPAID TRADE
DEBTS
WHICH ARE DUE AND PAYABLE TO STRONG MACAO
    * LEGAL PROCEEDINGS IN RELATION TO UNPAID TRADE DEBTS WHICH
ARE
DUE AND PAYABLE TO UNIT
    * SHANDONG YUHUANG SHENGSHI CHEMICAL DEFAULTED ON PAYMENT OF
PRICE
OF CRUDE OIL PAYABLE IN TOTAL SUM OF ABOUT US$62.5 MILLION

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