March 4, 2020 / 2:30 PM / 25 days ago

BRIEF-FDG Electric Vehicles Updates On A Winding Up Petition

March 4 (Reuters) - FDG Electric Vehicles Ltd:

* ON 2 MARCH CO GOT LETTER FROM LEGAL ADVISERS FOR JINGANG GROUP INVESTMENT ON ORDER THAT CO BE WOUND UP BY COURT

* CLARIFIES CO DOES NOT OWE ANY MONEY TO PETITIONER & PETITION WAS NOT MADE ON INSOLVENCY GROUND

* WILL DEFEND PETITION

* BOARD UNCERTAIN WHETHER PETITION WAS DULY FILED WITH AND/OR APPROVED BY COURT FOR ISSUE TO CO

* TRADING IN SHARES WILL RESUME AT 9:00 A.M. ON 5 MARCH 2020

* INTENDS TO APPLY TO COURT FOR VALIDATION ORDER TO VALIDATE ISSUE OF RIGHTS SHARES 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