Brief: Sunshine 100 China Says On 11 Nov, Received Court Judgment On Winding Up Reorganization Petition

Sunshine 100 China Holdings

17/11/2022 10:35

Nov 17 (Reuters) - Sunshine 100 China Holdings Ltd
 2608.HK :
    * ON 11 NOV, RECEIVED JUDGMENT MADE BY COURT PURSUANT TO A
WINDING
UP REORGANIZATION PETITION
    * PETITION FILED ON GROUND THAT WENZHOU SHIHE'S ASSETS WERE
NOT
SUFFICIENT TO SETTLE ITS DEBT OF ABOUT RMB5.7 BILLION AS OF 19
OCT
    * COMPANY IS IN COURSE OF SEEKING LEGAL ADVICE ON JUDGMENT
    * CO IS ASSESSING POSSIBLE ADVERSE IMPACT OF REORGANIZATION
ON
BUSINESS OPERATION
    * CONSIDERS AMOUNT OF DEBT DUE IN CLAIM "SIGNIFICANTLY
DIFFERENT"
FROM AMOUNT OF LIABILITIES KNOWN TO CO

Source text for Eikon:  ID:nHKS26V4R2 
Further company coverage:  2608.HK 
 ((Reuters.Briefs@thomsonreuters.com;))