China Huarong Energy Company Limited (HK:1101) has released an update.
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China Huarong Energy Company Limited has received a statutory demand for a debt amounting to HKD1,390,115,837.41 from NOBLE PATH HOLDINGS LIMITED, a promissory note holder, warning of potential winding-up proceedings if the debt is not settled within 21 days. The company is currently seeking legal advice and is in negotiations with the creditor to resolve the matter amicably. Investors are urged to exercise caution when dealing in the company’s shares.
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