General Announcement::LENDER ACTION WITH REGARD TO ALLEGED LOAN
Issuer & Securities
CHINA ENVIRONMENT LTD.
CHINA ENVIRONMENT LTD. - SG1Y42946521 - 5OU
Date &Time of Broadcast
Announcement Sub Title
LENDER ACTION WITH REGARD TO ALLEGED LOAN
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 ( FJDY ) has received Notices for the following:
(i) Civil Suit by Chen Bing against FJDY for alleged loan of RMB5,000,000 announced on 1 November 2016.
(a) The People s Court will hear the civil suit on 30 Dec 2016.
(ii) Civil Suit by Chen Wen Zhong against FJDY for alleged loan of RMB490,000 announced on 9 November 2016.
(a) The People s Court will hear the civil suit on 27 Dec 2016.
The Company will keep the shareholders informed on any further material developments
Total size =120K