BRIEF-Kangqiao Service Says On Feb 12 Unit Received Civil Judgment

Reuters
Feb 14
BRIEF-Kangqiao Service Says On Feb 12 Unit Received Civil Judgment

Feb 13 (Reuters) - Kangqiao Service Group Ltd 2205.HK:

  • ON FEB 12 UNIT RECEIVED CIVIL JUDGMENT FROM COURT IN RELATION TO APPEAL

  • CONSIDERS SECOND CIVIL JUDGMENT INCONSISTENT WITH ACTUAL CIRCUMSTANCES OF CASE

  • UNIT LIABLE FOR RMB 473.7 MILLION, BEING PRINCIPAL AMOUNT UNDER CERTAIN LOAN AGREEMENTS ENTERED INTO BY HENAN CHENGQIAO

  • UNDER JUDGEMENT, BANK FAILED TO FULFIL ITS DUTY OF REASONABLE REVIEW, OTHERS

Further company coverage: 2205.HK

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

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