China Huarong Energy Company Limited (HK:1101) has released an update.
Don’t Miss TipRanks’ Half-Year Sale
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
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.
For further insights into HK:1101 stock, check out TipRanks’ Stock Analysis page.