General Announcement::RECEIPT OF LETTER OF DEMAND
Issuer & Securities
CHINA ENVIRONMENT LTD.
CHINA ENVIRONMENT LTD. - SG1Y42946521 - 5OU
Date &Time of Broadcast
Announcement Sub Title
RECEIPT OF LETTER OF DEMAND
Submitted By (Co./ Ind. Name)
Corporate Affairs Manager
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 2 November 2016 ( Letter of Demand ) from Zhongxin Bank ( Lender ) claiming the repayment of RMB386,973 in overdue interest for a working capital loan.
Notice is given in the Letter of Demand that, the Bank expects the Company to repay the overdue interest within 2 weeks upon receipt of the Letter of Demand
The Company is currently reviewing the Letter of Demand with its legal advisors
The Company will keep the shareholders informed on material developments
Total size =119K