Powered by

SinoCloud Group: General Announcement: : Update on repayment of loans and goodwill deposits granted to certain vendors of CSMCG

Jan 16, 2020 - News Bites - Asia: Singapore

SINGAPOREAN DAILY STOCK REPORT

Corporate Wire Date: 16 January 2020 11:21 SGT

ORIGINAL ANNOUNCEMENT [Text]

The board of directors (the "Board") of SinoCloud Group Limited (the "Company") refers to the following:

(i) announcement by the Company dated 21 June 2017 in relation to the execution of a repayment agreement ("Repayment Agreement") in respect of the aggregate outstanding amount of HK$43.8 million of loans and goodwill deposits extended by the Company to certain ven...