Brief: Sunshine 100 China Announces Disposal Of Land Pursuant To Court Enforcement Order

Sunshine 100 China Holdings

18/08/2023 15:26

Aug 18 (Reuters) - Sunshine 100 China Holdings Ltd
 2608.HK :
    * DISPOSAL OF LAND PURSUANT TO COURT ENFORCEMENT ORDER
    * CO'S SUBSIDIARIES AND ASSOCIATES RECEIVED ENFORCEMENT
ORDER
ISSUED BY BEIJING FINANCIAL COURT DATED AUG 7
    * ENFORCEMENT ORDER REQUIRED ENTITIES TO REPAY CHINA HUARONG
ASSET
MANAGEMENT LOAN THAT CHINA HUARONG MADE TO YANTAI SUNSHINE 100
    * ENFORCEMENT ORDER WAS ISSUED AS A RESULT OF ENTITIES'
FAILURE TO
COMPLY WITH MEDIATION ORDER DATED JULY 29, 2022
    * AGGREGATE PRINCIPAL AMOUNT OF DEFAULTED LOAN AS AT JULY
29,
2022, RMB495.0 MILLION
    * COURT ORDERED GUILIN SUNSHINE 100 TO SELL ITS LAND USE
RIGHTS IN
LAND BY WAY OF JUDICIAL PUBLIC AUCTION TO SATISFY CLAIM

Source text for Eikon:  ID:nHKSb86LGC 
Further company coverage:  2608.HK 

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