Mr. Aaron Zhu Xiaojun Clarifies Rumors
11 Novembre 2003 - 11:00AM
PR Newswire (US)
Mr. Aaron Zhu Xiaojun Clarifies Rumors HONG KONG, Nov. 11
/PRNewswire-FirstCall/ -- Mr. Zhu Xiaojun, director of DF China
Technology, Inc. in response to several recent rumors about the
company's possible restructuring, wishes to clarify that the rumors
are untrue and ungrounded. Mr. Zhu said, 'For shareholders' and
potential investors' updates, the company is at present under
several legal lawsuits with the Chinese Customs and several
suppliers, including some punitive charges. The debts and
liabilities amount to HK$19 million and the company is not liquid.
In order to pay the over-due debts and other financial liabilities,
the company is considering the possibility to issue new shares and
dispose of some assets to settle the debts.' DATASOURCE: Aaron Zhu
Xiaojun of DF China Technology Inc. CONTACT: Aaron Zhu Xiaojun,
Executive Director and Chief Financial Officer of DF China
Technology Inc., +852-2255-0688
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