Kin Don in talks with creditors to seek methods to raise funds

Kin Don Holdings (0208) announced the company was in talks with major creditors on paying off debts. In order to better its financial situation the company was considering seeking various channels to raise funds but no agreement was reached at present yet.Stone Church accused Kin Don for default in loan of US$44.418 mln and submitted a winding-up petition for it. The relevant hearings would be held on Mar 19.

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