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Sino Grandness served letter of demand from shareholder

Published Wed, Jan 16, 2019 · 09:50 PM

Singapore

CHINESE canned vegetable and fruits producer Sino Grandness Food Industry Group said after trading hours on Wednesday that it was served a letter of demand on Jan 8 by Soleado Holdings.

Soleado Holdings, an investment holding company and a shareholder of Sino Grandness, had demanded payment of US$21.2 million and S$30,000 by Jan 21.

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