ATV HOLDINGS: Currently seeking legal advice and communicating with lenders and receivers regarding appointment matters
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ATV HOLDINGS announced that it is seeking legal advice and communicating with lenders and the receiver. According to the loan agreements from 2019 and 2020, the lenders have appointed RSM's receiver to manage the assets of the company and its wholly-owned subsidiary, Star Platinum. The company has been unable to assess the financial or operational impact of the receiver's appointment and may sell assets to repay approximately HKD 382 million in outstanding loans
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