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    Brief: Ascent International Says Zhurong Receives Letter Of Repayment Of Amount Due To Mason Resources Finance

    Picture of China International Development logoChina International Development
    09/05/2018 24:43
    May 9 (Reuters) - Ascent International Holdings Ltd
 0264.HK :
    * ZHURONG RECEIVED LETTER FROM SOLICITORS REQUESTING
REPAYMENT OF
AMOUNT DUE TO MASON RESOURCES FINANCE ON 8 MAY 2018
    * FACILITY DEAL BETWEEN LENDER AND ZHURONG SECURED BY CHARGE
OVER
SECURITIES ACCOUNT IN WHICH 229.9 MILLION  SHARES OF CO IS
DEPOSITED
    * ZHURONG HAS FAILED TO REPAY OUTSTANDING AMOUNT DUE TO
LENDER
    * IF ZHURONG FAILS TO PAY AMOUNT BY MAY 8, 12:00 AM, LENDER
COULD
REALISE/SELL SHARES OF CO TO OFFSET AMOUNT OWED

Source text for Eikon:  urn:newsml:reuters.com:*:nHKS6kw5q7
Further company coverage:  0264.HK 

 ((Reuters.Briefs@thomsonreuters.com;))

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