Brief: Gome Retail Notes Recent Press Articles That Co's Interests In Units Were Frozen

GOME Retail Holdings

28/02/2023 15:02

Feb 28 (Reuters) - GOME Retail Holdings Ltd  0493.HK :
    * NOTED RECENT PRESS ARTICLES THAT CO'S INTERESTS IN UNITS
WERE
FROZEN
    * WOULD LIKE TO CLARIFY THAT THE COMPANIES ARE INSIGNIFICANT
SUBSIDIARIES OF CO
    * AS AT 3 FEBRUARY 2023, HAS TOTAL OUTSTANDING OVERDUE LOANS
OF
APPROXIMATELY RMB6.89 BILLION
    * IN ACTIVE DISCUSSIONS WITH LENDERS ON REFINANCING, OR
EXTENSION
OF REPAYMENT TERM
    * FREEZING OF EQUITY INTERESTS IN UNITS WILL NOT HAVE
MATERIAL
IMPACT ON COMPANY'S FINANCIAL POSITION AND OPERATIONS

Source text for Eikon:  ID:nHKSrnnDT 
Further company coverage:  0493.HK