Brief: Xiwang Property Holdings Updates On Settlement Application Of Controlling Shareholder
16/04/2020 16:04
April 16 (Reuters) - Xiwang Property Holdings Co Ltd
2088.HK :
* UPDATES ON SETTLEMENT APPLICATION OF CONTROLLING
SHAREHOLDER
* ZOUPING MUNICIPAL PEOPLE'S COURT OF SHANDONG PROVINCE
ISSUED
CIVIL RULING TO APPROVE XIWANG GROUP SETTLEMENT AGREEMENT
* AS OF APRIL 16, PRODUCTION & OPERATION OF GROUP IS NORMAL
* EXPECTED APPROVAL OF SETTLEMENT AGREEMENT WILL HELP TO
SOLVE
LIQUIDITY PROBLEM, IMPROVE SUSTAINABLE OPERATIONS &
PROFITABILITY OF GROUP
Source text for Eikon: ID:nHKS99v7cZ
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