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859 - Zhongchang International Holdings News Story

HK$0.325 -0.0  -1.5%

Last Trade - 9:00am

Sector
Financials
Size
Micro Cap
Market Cap £34.4m
Enterprise Value £150.5m
Revenue £3.43m
Position in Universe 4845th / 6094

BRIEF-Zhongchang International Says Shanghai Aijian Has Exercised Right To Terminate Agreement

Fri 15th May, 2020 12:33pm
May 15 (Reuters) - Zhongchang International Holdings Group
Ltd  0859.HK :
    * GOT LETTERS FROM SHANGHAI AIJIAN NOTIFYING THAT IT HAS
EXERCISED
ITS RIGHT TO TERMINATE AGREEMENT
    * FOLLOWING TERMINATION OF AGREEMENT, TERMS OF RENEWAL SHALL
LAPSE
FROM 13 FEB
    * SO LOANS HAVE FALLEN DUE ON 13 FEB AND AMOUNTS OWED UNDER
FACILITIES EXPECTED TO BE NOT MORE THAN RMB550.0 MILLION

Source text for Eikon:  ID:nHKS4f6pcZ 
Further company coverage:  0859.HK 

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