Examples of Unknown Liabilities in a sentence
Subject to the above matters, the possibility of outflow of economic resources in the settlement of Unknown Liabilities by the Group is not probable.
The Company had used its best effort to identify the nature of the Unknown Liabilities including publishing a public notice which invited any potential creditors to inform the Company of any debts or claims.
As the Unknown Liabilities were incurred during the year ended 31 December 2012 and 2013, the payment obligation is expired as at 31 December 2019.
Besides, the Company had entered into a debt assignment agreement with Global Courage Limited (“Global Courage”), pursuant to which Global Courage agrees to undertake all outstanding Unknown Liabilities.
Besides, the Company had entered into a debt assignment agreement with Global Courage Limited (‘‘Global Courage’’), pursuant to which Global Courage agrees to undertake all outstanding Unknown Liabilities.