SUBSCRIBERS
China Environment authorises subsidiary's creditor to take over management of unit
Add BT as a preferred source
Nisha Ramchandani
Published Mon, Oct 1, 2018 · 09:50 PM
Singapore
CHINA Environment has given authorisation to a creditor of its wholly owned unit Anhui Dongyuan Environmental Protection Co to take over management of Anhui and to collect rental income at its property.
In a filing with the Singapore Exchange on Monday, China Environment said that it has given Lin Qun Bin - who allegedly is owed a working capital loan of 6.47 million yuan (about S$1.28 million) - an authorisation letter to act on behalf of China Environment's legal representative in removing Anhui's current management and taking over management of Anhui.
Copyright SPH Media. All rights reserved.
