BRIEF-China Vanadium Titano Magnetite Mining Says Former Unit Received Legal Demand Letter

Reuters

2024-11-15

Nov 15 (Reuters) - China Vanadium Titano Magnetite Mining Co Ltd :

* FORMER UNIT RECEIVED LEGAL DEMAND LETTER FROM CHINA CINDA ASSET MANAGEMENT

* DEMAND LETTER REQUIRING IMMEDIATE REPAYMENT OF PRINCIPAL INDEBTEDNESS OF RMB141.0 MILLION

* UNIT INFORMED CO IT IS UNLIKELY TO BE ABLE TO MAKE IMMEDIATE REPAYMENT OF AMOUNT

* AMOUNT IS OUTSTANDING DEBT OWED BY FORMER UNIT UNDER LOAN FACILITIES EXTENDED BY CHINA MERCHANT BANK

Further company coverage:

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

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