CIL Holdings receives liquidation petition from Xinhua Bank

CIL Holdings (0479) announced that it received another winding-up petition from Xinhua Bank in the wake of a similar writ from American Design Associates Limited. It pointed out in a circular that the petition by Xinhua said the company owed HK$5 mln to the bank and both parties were under negotiation.

The company claimed that it was uncertain about the reason for its swelling turnover.

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