August 21, 2017 / 3:33 PM / 2 years ago

BRIEF-Coolpad Group says Shanghai Pudong Development Bank files a lawsuit against units of co

Aug 21 (Reuters) - Coolpad Group Ltd

* Shanghai Pudong Development Bank,Shenzhen Branch alleges that borrower,guarantors are involved in litigation cases, & key assets have been seized & locked up by court

* Shanghai Pudong Development Bank filed lawsuit requesting court to order unit of co to make up for shortfall of security deposit of bank acceptance bills in rmb90 million

* Company is of view that acceptance bills are not due yet

* Refers to civil complaint from Shanghai Pudong Development Bank against units of co alleging a financing limit agreement was signed with units of co Source text for Eikon: Further company coverage: (

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below