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
14-Nov-2017 15:35:02
Status
New
Announcement Sub Title
RECEIPT OF LETTER OF DEMAND
Announcement Reference
SG171114OTHRF8Z7
Submitted By (Co./ Ind. Name)
Remy Tan
Designation
Corp Affairs Mgr
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 inform shareholders that the Company has received a letter of demand dated 1 November 2017 claiming the payment of RMB47,111,200 from the Company to Fujian Mintai Environmental Protection Co Limited ( FMEP )
The letter of demand was issued by Chen Fen Hua. Chen Fen Hua is the legal representative of FMEP and wife of Mr Huang Min, the former Executive Chairman of the Company. The deadline for payment as stipulated in the letter will lapse on 22 November 2017.
The Company is assessing the basis and merits of the claims and will take appropriate action accordingly. The Company will make further announcements on the matter as necessary
Attachments
announce FJMT letter F14 nov.pdf
Total size =117K
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