General Announcement::RECEIPT OF LETTER OF DEMAND

Issuer & Securities

Issuer/ Manager
CHINA ENVIRONMENT LTD.
Securities
CHINA ENVIRONMENT LTD. - SG1Y42946521 - 5OU
Stapled Security
No

Announcement Details

Announcement Title
General Announcement
Date &Time of Broadcast
19-Oct-2016 18:16:34
Status
New
Announcement Sub Title
RECEIPT OF LETTER OF DEMAND
Announcement Reference
SG161019OTHRXO1H
Submitted By (Co./ Ind. Name)
Remy Tan
Designation
Corporate Affairs Manager
Effective Date and Time of the event
19/10/2016 17:00:00
Description (Please provide a detailed description of the event in the box below)
The Board of Directors of China Environment Ltd (the "Company" and, together with its subsidiaries, the Group ) wishes to announce that the Company s wholly-owned subsidiary, Fujian Dongyuan Environmental Protection Co., Ltd has received a letter of demand dated 14 October 2016 ( Letter of Demand ) from Fujian Mintai Environmental Protection Co., Ltd (wholly-owned by the Group s Major Shareholder Mr Huang Min and his spouse, Landlord ) claiming the repayment of RMB 3,209,712 in alleged overdue rental arrears.

Notice is given in the Letter of Demand that, unless the overdue rental arrears are paid to the Landlord by 20 October 2016, the Landlord shall take litigation action though its lawyer

The Company is currently reviewing the Letter of Demand with its legal advisors
The Company will keep the shareholders informed on material developments.

Attachments