Hongkong.com secures guarantee letter of China.net for payment

Hongkong.com (8006) announced that China.net provide guarantee letter to its wholly-owned company HKCL. According to technical support service agreement, China.net will pay off balance in Q2 for less than HK$7mln.

The announcement said Hongkong.com and China.net have reach consensus on terminating services of HKCL in US that China.net provide guarantee letter to Hongkong.com to make sure that the company can get payment for the balance.

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