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7 months ago
BRIEF-Cecep Costin New Materials Group updates on default in borrowings by units of co and co
December 16, 2016 / 11:00 AM / 7 months ago

BRIEF-Cecep Costin New Materials Group updates on default in borrowings by units of co and co

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Dec 16 (Reuters) - Cecep Costin New Materials Group

* As at date of announcement, total amount of borrowings that have fallen due owed by co's subsidiaries in prc is about rmb653.9 million

* As at date of announcement, total amount of borrowings fallen due owed by co and its units in hong kong is about hk$225.5 million

* Inside Information, Update On Financial Situation, First Delisting Stage And Resumption Conditions

* A subsidiary of company in prc was unable to repay certain borrowings of approximately rmb46.0 million

* "Company is currently assessing impact of above and any potential default on other borrowings"

* Trading in shares of company will continue to be suspended until further notice Source text for Eikon: Further company coverage:

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