Brief: Sunshine 100 China Says Legal Proceedings Against Controlling Shareholder Of Company

Sunshine 100 China Holdings

15/08/2023 16:18

Aug 15 (Reuters) - Sunshine 100 China  2608.HK :
    * LEGAL PROCEEDINGS AGAINST CONTROLLING SHAREHOLDER OF
COMPANY
    * HAS BEEN INFORMED THAT ON 10 AUG 2023 HAITONG
INTERNATIONAL
SECURITIES FILED A WINDING-UP PETITION AGAINST JOYWISE HOLDINGS
    * ORDER ON GROUND THAT JOYWISE WAS UNABLE TO REPAY HAITONG
INTERNATIONAL SECURITIES SUM OF HK$386.9 MILLION OWED IN DEBT
    * WINDING-UP PETITION IN RELATION TO AN ORDER THAT JOYWISE
BE
WOUND UP
    * AMOUNT CLAIMED IN ORDER IS AGAINST JOYWISE AND NOT AGAINST
GROUP
    * CURRENTLY ASSESSING LEGAL, FINANCIAL AND OPERATIONAL
IMPACT OF
PETITION TO GROUP
    * JOYWISE IS SEEKING LEGAL ADVICE & INTENDS TO OPPOSE
PETITION AND
WILL CONSIDER EXPLORING A SETTLEMENT WITH HAITONG INTERNATIONAL

Source text for Eikon:  ID:nHKSbcc3xJ 
Further company coverage:  2608.HK 

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