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BRIEF-China Smarter Energy Group Says Informed Of Dispute Involving Facility Deal

· 02/05/2021 08:52
BRIEF-China Smarter Energy Group Says Informed Of Dispute Involving Facility Deal

- China Smarter Energy Group Holdings Ltd 1004.HK:

  • INFORMED THERE IS DISPUTE INVOLVING FACILITY DEAL ENTERED BETWEEN RICH CROWN & INDUSTRIAL BANK IN 2018

  • FACILITY DEAL WAS SECURED BY TOTAL OF 4.36 BILLION SHARES OF CO

  • IN DEC 2020 INDUSTRIAL BANK APPOINTED PURPORTED RECEIVERS OVER PLEDGED SHARES

  • APPOINTMENT MAY RESULT IN SALE OF PLEDGED SHARES TO OTHER THIRD-PARTY PURCHASERS

Source text for Eikon: ID:nHKS7Yb7rX

Further company coverage: 1004.HK


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