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Asean Basketball League denies shutdown reports

Tyshawn Jamar Taylor of Saigon Heat goes to the basket against #55 Michael Holyfield of Hong Kong Eastern during the ASEAN Basketball League game between Hong Kong Eastern and Saigon Heat at Southorn Stadium on January 21, 2020 in Hong Kong. (Photo by Yu Chun Christopher Wong/Eurasia Sport Images/Getty Images)

The multi-territory Asean Basketball League has denied reports last week that it is on the verge of closing