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SC Creative Dev receives petition for settlement failure
22 Jul 2019
(Infocast News) Sun Cheong Creative Development (01781) said that on 19 July 2019, it received a Petition from the petitioner, Topsun Creation (China) Co., issued under the Companies (Winding Up and Miscellaneous Provisions) Ordinance (Chapter 32 of the Laws of Hong Kong), which was filed against the Company for failure to settle the Outstanding Amount, RMB2.827 million, payable by the Company to the Petitioner under the Guarantee.

Sun Cheong Creative Development said it "has provided the cheque of in the sum equal to the Outstanding Amount for full settlement of the Outstanding Amount on 19 July 2019 and thus, the Petition shall be discharged or withdrawn pending completion of the relevant formalities."

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