Nov 29 (Reuters) - Cecep Costin New Materials Group Ltd
* On 28 november 2016, company received a demand letter issued by a solicitors firm acting for Icbc Asia
* Currently assessing impact and any potential default on other borrowings.
* May further trigger cross-default of other borrowings, which may have material adverse impact on financial position of costin group
* Demand letter claimed for immediate repayment of loan in outstanding principal amount of hk$150 million
* Was also informed that loan facility granted by Icbc Asia has been terminated Source text for Eikon: Further company coverage: