Brief: Ko Yo Chemical Group Receives Repayment Notices From Bank Of Dalian

Ko Yo Chemical (Group)

19/10/2018 16:16

Oct 19 (Reuters) - Ko Yo Chemical Group Ltd  0827.HK :
    * REFERS TO GUARANTEE IN FAVOUR OF BANK OF DALIAN FOR
REPAYMENT
OBLIGATIONS OF LOANS GRANTED TO DAZHOU KOYO ON 8 DEC 2017
    * ON 18 OCT COMPANY RECEIVED EARLY LOAN REPAYMENT NOTICE AND
OVERDUE LOAN REPAYMENT NOTICE FROM BANK OF DALIAN
    * AS AT 12 OCT ,DAZHOU KOYO YET TO REPAY LOANS WITH 
INTERESTS; CO
TO PERFORM GUARANTEE OBLIGATIONS TO REPAY OUTSTANDING LOANS
    * KO YO CHEMICAL GROUP SAYS BOARD IS NOT AWARE OF ANY
FAILURE ON
UNIT DAZHOU KOYO IN ITS PERFORMANCE OF ITS OBLIGATIONS UNDER
LOAN AGREEMENTS
    * KO YO CHEMICAL GROUP SAYS EXPECTS EARLY REPAYMENT NOTICE
AND
OVERDUE LOAN REPAYMENT NOTICE TO NOT HAVE ANY IMPACT ON CO'S
FINANCIAL CONDITIONS

Source text for Eikon:  ID:nHKS571kb2 
Further company coverage:  0827.HK 

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