China Art Financial Holdings Ltd. Faces Statutory Demand for HKD 8.45 Million, Seeks Legal Advice

Reuters
Aug 29
China Art Financial Holdings Ltd. Faces Statutory Demand for HKD 8.45 Million, Seeks Legal Advice

China Art Financial Holdings Ltd. has received a statutory demand from a creditor, Lam Siu Mui, demanding payment of outstanding loans and interest totaling HKD8,453,639.89. The company is in the process of seeking legal advice regarding this demand and has cautioned shareholders and potential investors to exercise caution when dealing with its shares. The statutory demand requires payment within 21 days to avoid the potential presentation of a winding-up petition against the company. Further announcements will be made as necessary in accordance with relevant regulations.

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