Brief: Mei Ah Entertainment Group Receives Judgment in Proceeding Against Co And Former Director

Mei Ah Entertainment

16/04/2020 11:28

April 16 (Reuters) - Mei Ah Entertainment Group Ltd
 0391.HK :
    * RECEIVED A JUDGMENT ON PROCEEDING FROM HIGH COURT AGAINST
COMPANY AND A FORMER DIRECTOR
    * ACCORDING TO JUDGMENT, DAMAGES WERE AWARDED IN SUM OF
HK$20.3
MILLION AGAINST CO AND HK$29.7 MILLION AGAINST FORMER DIRECTOR
    * MADE APPLICATION FOR RESUMPTION FOR TRADING WITH EFFECT
FROM
9:00 AM OF 17 APRIL
    * ANNUAL RESULTS OF GROUP FOR YEAR ENDED 31 MARCH 2020 MAY
BE
ADVERSELY AFFECTED BY AMOUNT AWARDED IN JUDGMENT
    * COMPANY CONSIDERS JUDGMENT HAS NO OTHER MATERIAL ADVERSE
IMPACT
ON OVERALL FINANCIAL POSITION OF GROUP

Source text for Eikon:  ID:nHKS4T66J1 
Further company coverage:  0391.HK 

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