Momentum Financial Faces Repayment Crisis

Momentum Financial Holdings Limited (HK:1152) has released an update.

Momentum Financial Holdings Limited has received a statutory demand for the repayment of HK$20.3 million, including interest, on a promissory note. The company acknowledges its substantial outstanding debts and expresses concern over potential cross-default consequences. Management is consulting advisors and negotiating with creditors to explore repayment options, as the company’s viability is at stake.

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