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BRIEF-Coolpad Group says Shanghai Pudong Development Bank files a lawsuit against units of co
August 21, 2017 / 3:36 PM / 3 months ago

BRIEF-Coolpad Group says Shanghai Pudong Development Bank files a lawsuit against units of co

Aug 21 (Reuters) - Coolpad Group Ltd

* Shanghai Pudong Development Bank,Shenzhen Branch alleges that borrower,guarantors are involved in litigation cases, & key assets have been seized & locked up by court

* Shanghai Pudong Development Bank filed lawsuit requesting court to order unit of co to make up for shortfall of security deposit of bank acceptance bills in rmb90 million

* Company is of view that acceptance bills are not due yet

* Refers to civil complaint from Shanghai Pudong Development Bank against units of co alleging a financing limit agreement was signed with units of co Source text for Eikon: Further company coverage: (bangalore.newsroom@thomsonreuters.com)

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