Brief: Huarong International Financial Says Grantee Has Not Got Any Payment Of Default Put Option Price Of HK$955.3 Million

XinKong International Capital Holdings

07/01/2022 15:09

Jan 7 (Reuters) - Huarong International Financial Holdings
Ltd  0993.HK :
    * AS AT JAN 7, GRANTEE HAS NOT GOT ANY PAYMENT OF DEFAULT
PUT
OPTION PRICE OF HK$955.3 MILLION FROM GRANTOR OR GUARANTOR
    * AS A RESULT, COMPLETION OF SALE AND PURCHASE OF PUT OPTION
SHARES IS DELAYED
    * CURRENTLY IN NEGOTIATION WITH GRANTOR & GUARANTOR FOR
SETTLEMENT
OF DEFAULT PUT OPTION PRICE & ALTERNATIVE PROPOSALS


Further company coverage:  0993.HK 

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