NVC: Wu Changjiang Wu love spouse has spent 34 million loan

The suspension of the NVC company previously disclosed financial company issued to Chongqing court petition, asked the company former chairman Wu Changjiang Wu and the other spouse love repayment plus interest, but the company stressed the unwitting matter further announced that the company said recently from the Chongqing court made a copy of the security agreement. The security agreement appears as claimed by Wu Changjiang on behalf of NVC China signed, think Wu love according to the credit agreement under certain debt pay with Huayi guarantee, the amount of up to 40 million yuan (below).

The company has also recently obtained a copy of a letter of credit and a copy of the two terms of use agreement signed in August 8, 2014 by the court in Chongqing, which was signed by the court in. Under the terms of the credit agreement, the amount of the sum of money provided by the company to woo woo was as high as 40 million yuan, which is valid for the period from August 8, 2014 to may 7. According to the two agreement on the use of money, Wu love under the credit arrangements were used for the loan of $20 million and $14 million.

The company is seeking legal advice on the possible impact of the security agreement, including its legal effect. In addition, the company is pleading with the court in Chongqing to enforce the terms of the so-called security agreement.

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