Brief: Weiye Holdings Says Units Received Summons Issued By Zhengzhou Intermediate People's Court, Henan Province
27/09/2022 16:00
Sept 27 (Reuters) - Weiye Holdings Ltd 1570.HK :
* UNITS RECEIVED SUMMONS ISSUED BY ZHENGZHOU INTERMEDIATE
PEOPLE'S
COURT, HENAN PROVINCE
* PLAINTIFF CLAIMED THAT LOANS BORROWED WERE NOT REPAID BY
HENAN
XINGWEI AS AGREED AFTER MATURITY
* LOANS BORROWED IN AGGREGATE AMOUNT OF RMB960 MILLION TO BE
USED
AS EXPENSES IN HENAN XINGWEI'S RESETTLEMENT HOUSING PROJECT
* CO AND UNITS DENY THAT AMOUNT WAS LOAN UNDER LEGAL
RELATIONSHIP
OF PRIVATE LENDING, AMONG OTHERS
Source text for Eikon: ID:
Further company coverage: 1570.HK
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