BRIEF-Heng Xin China announces legal action to recover refundable deposit

March 24 (Reuters) - Heng Xin China

* Legal Action To Recover Refundable Deposit

* Board wishes to announce that deposit in sum of hk$36

million paid under mou has not yet been refunded to company by

vendor

* Refers to company's announcement dated 31 may 2016

regarding termination of mou

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(bangalore.newsroom@thomsonreuters.com)