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BRIEF-China Tonghai International Financial Says On 21 April Co Was Informed By Substantial Shareholder That New Merit Group Filed Winding Up Petition

reuters.com · 04/29/2022 09:44
BRIEF-China Tonghai International Financial Says On 21 April Co Was Informed By Substantial Shareholder That New Merit Group Filed Winding Up Petition

- China Tonghai International Financial Ltd QUMMF:

  • ON 21 APRIL CO WAS INFORMED BY SUBSTANTIAL SHAREHOLDER THAT NEW MERIT GROUP FILED WINDING UP PETITION

  • THAT NEW MERIT GROUP FILED A WINDING UP PETITION DATED 13 APRIL AGAINST CHINA OCEANWIDE GROUP

  • WINDING UP ON GROUND THAT CHINA OCEANWIDE GROUP UNABLE TO REPAY NEW MERIT GROUP IN SUM OF $32.5 MILLION

  • NEW MERIT FILED WINDING UP PETITION FOR ORDER THAT COG BE WOUND UP BY HIGH COURT UNDER COMPANIES ORDINANCE

  • AS AT 29 APRIL, NO WINDING-UP ORDER HAS BEEN MADE BY HIGH COURT TO COG

Further company coverage: QUMMF


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