Saturday, April 2, 2016

Haitong denies being lender of Ongoing Strategy Investments – Magazine Saturday

Haitong denies being lender of Ongoing Strategy Investments

According to the Citius portal, former BESI appears in the Ongoing Strategy Investments of the list of creditors with a debt EUR 182 million. The investment bank denies the information.

14:16 • Business

By Ana Luisa Marques – Business Journal

Haitong denies being lender of Ongoing Strategy Investments. In a statement sent to newsrooms on Saturday, the investment bank ensures that reportedly “wrong” the provisional list of creditors of Ongoing Strategy Investments, published on the website Citius.De according to this list, the former BESI is a creditor of the company with a debt of 182.3 million euros of commercial paper.
In a statement issued on Saturday the Haitong states “it is not a creditor of Ongoing Strategy Investments or any other company in the Ongoing group.” “The correction of this incorrect information has been requested by Haitong Bank to the trustee, Fernando Silva e Sousa,” adds the same note. Ongoing has debts of more than 1.2 billion euros. The New Bank and BCP top the list of creditors with almost EUR 800 million in debt.

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