Maximum Entertainment Ab Class BOMXSTO: MAXENT_B

Cathay Bank To Seek Appointment Of Receiver Over Maximum Entertainment's U.S. Unit

· Issued by Maximum Entertainment Ab Class B

Maximum Entertainment AB OMXSTO:MAXENT_B:

  • CATHAY BANK NOTIFIES INTENTION TO SEEK APPOINTMENT OF RECEIVER OVER U.S. SUBSIDIARY

  • OTHER SUBSIDIARIES HELD DIRECTLY BY CO ARE NOT AFFECTED

  • LETTER FROM BANK REITERATES THAT BORROWER IS IN DEFAULT UNDER LOAN AGREEMENTS WITH BANK

  • ENGAGED WITH CATHAY BANK, NO AGREEMENT REACHED