Strong Petrochemical Holdings (HKG:0852) said it received a statutory demand from its former subsidiary for $83 million plus accrued interest in unpaid trade debts from Shandong Shengxing Chemical within 21 days from Tuesday, a same-day bourse filing said.
The demand was received from Santron Holdings, a former subsidiary of the company until March 2023. The demand further warned that if the trade debts are not paid, the creditor may file a winding-up petition against the company.
The company is in course of seeking legal advice on the matter.
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