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)
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 make an announcement regarding a claim by Boardroom Corporate & Advisory Services Pte. Ltd. ( "BCAS" ) against the Company. The Company received a letter of demand dated 30 August 2021 from BCAS for payment of the sum of approximately S$32,141, in respect of unpaid share registrar expenses.
The letter stated that in the event of the Company's refusal and/or failure to abide by the terms of this demand, BCAS shall take such steps as they deem necessary, including but not limited to the commencement of legal proceedings, to recover the outstanding sum, plus interest and costs (including legal fees) without any further reference to the Company. BCAS hope that such action will not be necessary and look forward to receiving the Company's positive response by the close of business on 8 September 2021.
The Company is liaising with BCAS to seek clarifications in relation to this letter and outstanding sum payable.
The Company will keep the shareholders updated when we establish the matters accordingly.