Brief: Global Sweeteners Defaulted In Repayment Of Loan & Oustanding Amount Of Said Loan Is RMB180 Mln

Global Bio-chem Technology Co

23/12/2020 10:39

Dec 23 (Reuters) - GLOBAL Sweeteners Holdings Ltd  3889.HK :
    * DEFAULTED IN REPAYMENT OF LOAN AND OUTSTANDING PRINCIPAL
AMOUNT
UNDER SUCH LOAN IS RMB180.0 MILLION
    * GLOBAL BIO-CHEM TECHNOLOGY DEFAULTED IN REPAYMENT OF
CERTAIN
LOANS, PRINCIPAL AMOUNT UNDER SUCH LOANS IS RMB1,660.0 MILLION
    * MAXIMUM LIABILITY GUARANTEED BY GBT IS RMB2,660.0 MILLION
THAT
MAY ACCRUE UNDER LOAN AGREEMENTS
    * GBT AND GSH'S CERTAIN LOANS OWED HAVE BECOME IMMEDIATELY
DUE AND
PAYABLE BEFORE THEIR MATURITY DATE IN JUNE 2021

Source text for Eikon:  urn:newsml:reuters.com:*:nHKSb56rGq
Further company coverage:  3889.HK 

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