The group remitted $34,958 on Jan 23 to cover the latter claim, and on the same date, said it was negotiating with Soleado to settle the matter amicably.
In its latest update, Sino Grandness says its plans to repatriate funds are subject to China’s regulatory approval.
It adds that it is still in negotiations with Soleado for an extension of repayment for the sum demanded.
Shares in the group closed 11.9% lower at 5.2 cents on Monday.
