Brief: Swing Media Technology Group updates on additional statutory demands

Swing Media Technology

19/07/2017 10:13

July 19 (Reuters) - Swing Media Technology Group Ltd 
 SWMT.SI  
    * Co is in negotiation with other relevant banks, and  other 
financiers for settlement of additional statutory demands 
    * On 14 JULY, ST and co was served with writ of summons from 
LEGAL COUNSEL of Bank D claiming Bank D Outstanding Sums& 
additional interest 
    * Gets statutory demand on July 13 which states if payment 
not made within 3 weeks, bank may file winding-up petition 
against co 
 
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