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Published Tue, Oct 8, 2019 · 09:50 PM
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Asiatravel.com
DISTRESSED online travel platform Asiatravel.com has obtained a default court ruling in China for its S$7.4 million claim against creditor Zhonghong Holding Co, the Catalist-listed company announced in a bourse filing on Tuesday.
According to Asiatravel.com, Zhonghong entered a convertible note agreement with the company in August 2018 for a principal amount of S$10 million, but only paid S$2.65 million.
In June this year, Asiatravel.com served a writ of summons on Zhonghong i…
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