Brief: Values Cultural Investment Recently Received A Summons In Relation To A Contract

Values Cultural Investment

18/02/2022 15:26

Feb 18 (Reuters) - Values Cultural Investment Ltd  1740.HK :
    * RECENTLY RECEIVED A SUMMONS IN RELATION TO A CONTRACT
    * SUMMONS RELATES TO RECOVERY OF OUTSTANDING PROCEEDS
ARISING FROM
A JOINT INVESTMENT AGREEMENT
    * ACCORDING TO CIVIL COMPLAINT, JOINT INVESTOR CLAIMS FOR
PAYMENT
OF ITS SHARE OF PROCEEDS AMOUNTING TO RMB11.3 MILLION
    * DISCOVERED THAT A TOTAL SUM OF RMB1.8 MILLION DEPOSITED AT
THREE
BANK ACCOUNTS OF GROUP HAS BEEN FROZEN BY PRC COURT
    * CURRENTLY SEEKING LEGAL ADVICE ON CLAIM TO ASSESS ITS
MERITS AND
IMPLICATIONS

Source text for Eikon:  ID:nHKS4XWr2k 
Further company coverage:  1740.HK 

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