BRIEF-Kingkey Financial International Says Application Will Be Made For Resumption Of Trading

Reuters03-01

March 1 (Reuters) - Kingkey Financial International Holdings Ltd :

* APPLICATION WILL BE MADE FOR RESUMPTION OF TRADING FROM 4 MAR

* RECEIVED STATUTORY DEMAND FOR HK$1 MILLION ARISEN OUT OF BOND SUBSCRIPTION AGREEMENT

* OPTIMISTIC THAT RESTRUCTURING WILL BE SUCCESSFUL

* NOTED THERE WAS UNUSUAL PRICE AND TRADING VOLUME MOVEMENT ON 1 FEB AND 2 FEB

* EXECUTIVE DIRECTOR ADMITTED THERE WAS FORCED SALE AND DISPOSAL OF SHARES ON TWO DAYS

* IN COURSE OF SEEKING LEGAL ADVICE IN RESPECT OF STATUTORY DEMANDS

* UNIT RECEIVED STATUTORY DEMAND FOR HK$1.1 MILLION

Source text for Eikon: Further company coverage:

((Reuters.Briefs@thomsonreuters.com;))

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