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
26-Sep-2016 17:40:10
Status
New
Announcement Sub Title
RECEIPT OF LETTER OF DEMAND
Announcement Reference
SG160926OTHRUK8F
Submitted By (Co./ Ind. Name)
Norman Winata
Designation
Executive Chairman
Effective Date and Time of the event
26/09/2016 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., Pte Ltd has received a letter of demand dated 21 September 2016 ( Letter of Demand ) from China Construction Bank ( Lender ) claiming the repayment of RMB85,801 in overdue interest for a working capital loan of RMB23,000,000 .
Notice is given in the Letter of Demand that, unless the overdue interest and loan principal are paid to the Lender within 3 days of notice, the Lender shall take such further steps as it deems necessary under the law to protect its rights under the loan agreement
The Company is currently reviewing the Letter of Demand with its legal advisors.
The Company will keep the shareholders informed on material developments.
Attachments
CEL-REceipt of letter of demand 26 Sep.pdf
Total size =119K
Related Announcements
Related Announcements