Brief: Huarong International Financial Says Huarong Tianhai Instructed Entrusted Party To Take Legal Actions Against Borrower

XinKong International Capital Holdings

23/05/2019 16:11

May 23 (Reuters) - Huarong International Financial Holdings
Ltd  0993.HK :
    * AN ENTRUSTED PARTY, AT REQUEST OF HUARONG TIANHAI, HAD
AGREED TO
PROVIDE LOAN IN PRINCIPAL AMOUNT OF RMB750 MILLION
    * BORROWER HAS FAILED TO PERFORM ITS OBLIGATION BY REPAYING
INTERESTS PAYABLE ON ENTRUSTED LOAN
    * HUARONG TIANHAI INSTRUCTED ENTRUSTED PARTY TO TAKE LEGAL
ACTIONS
AGAINST BORROWER
    * BORROWER'S BREACH WILL NOT HAVE ANY MATERIAL ADVERSE
IMPACT ON
OPERATIONS AND FINANCIAL POSITION OF CO

Source text for Eikon:  urn:newsml:reuters.com:*:nHKSzXCPH
Further company coverage:  0993.HK 

 ((Reuters.Briefs@thomsonreuters.com;))