Brief: Xinte Energy Says On 22 Feb, Sunoasis Received Enforcement Judgment From Intermediate People's Court Of Beijing

Xinte Energy

23/02/2022 15:09

Feb 23 (Reuters) - Xinte Energy:
    * ON 22 FEB, SUNOASIS RECEIVED ENFORCEMENT JUDGMENT FROM
INTERMEDIATE PEOPLE'S COURT OF BEIJING
    * ON OTHER DEBT DISPUTE 100% EQUITY IN XUYI HIGH DRIVE HELD
BY
JIANGSU HIGH DRIVE AUCTIONED OFF BY INTERMEDIATE PEOPLE'S COURT
OF BEIJING
    * AS AT FEB 23, SUNOASIS RECOVERED REVENUE FROM GENERATION
OF
ELECTRICITY OF RMB69.4 MILLION FROM XUYI HIGH DRIVE, AMONG
OTHERS
    * SUNOASIS PARTICIPATED IN OPEN AUCTION AND WON BIDDING OF
100%
EQUITY INTEREST IN XUYI HIGH DRIVE
    * SUNOASIS, AS PLEDGEE, OFFSET PAYMENT FOR AUCTION WITH
CREDITOR'S
RIGHTS IT IS ENTITLED TO

Source text for Eikon:  ID:nHKS95Ycwx 
Further company coverage:  1799.HK 

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