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Green Leader Faces Statutory Demand from China Huarong Macau Over $84.9 Million Debt; Shares Slip 10%

MT Newswires ·  {{timeTz}}

11:15 PM EDT, 07/25/2022 (MT Newswires) -- Green Leader Holdings Group (HKG:0061) received a statutory demand from the legal advisers of China Huarong Macau (HK) Investment Holdings, demanding the coal miner to pay $84.9 million.

China Huarong Macau may lodge a winding-up petition against Green Leader if the latter fails to repay the said debt, according to a bourse filing on Monday.

Green Leader is now seeking legal advice regarding the matter.

The company also applied to the Hong Kong Stock Exchange for the resumption of trading of its shares on July 26.

Shares slipped by 10% in recent trade.

Price (HKD): $0.14, Change: $-0.02, Percent Change: -11.54%

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