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BRIEF-Labixiaoxin Snacks Group updates on legal proceeding on nonrepayment of entrusted loan granted to Quanzhou
March 10, 2017 / 11:59 AM / 7 months ago

BRIEF-Labixiaoxin Snacks Group updates on legal proceeding on nonrepayment of entrusted loan granted to Quanzhou

March 10 (Reuters) - Labixiaoxin Snacks Group Ltd

* Lending bank initiated legal proceeding with Quanzhou intermediate people’s court in PRC against borrower & its fellow unit

* Legal proceeding is still on a preliminary stage

* Reference is made to announcements of co dated 7 August 2015 and 27 August 2015 in relation to entrusted loan agreement Source text for Eikon: Further company coverage:

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