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
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