Brief: Debao Property Development Updates On Arbitration Application

Debao Property Development

18/01/2021 14:49

Jan 18 (Reuters) - Debao Property Development Ltd  DPDL.SI :
    * FILED ARBITRATION APPLICATION WITH GUANGZHOU ARBITRATION
COMMISSION
    * APPLICANTS SEEKING PAYMENT OF OUTSTANDING CONSIDERATION
DUE
UNDER SPA OF RMB135.5 MILLION AND PENALTY FEE OF RMB121.6
MILLION
    * FILED ARBITRATION APPLICATION TO COMMENCE ARBITRATION WITH
FOSHAN NANHAI FANGAO RENOVATION SERVICES CO
    * FILED ARBITRATION APPLICATION AGAINST SHENGYU (BVI) AND
EVERGRANDE REAL ESTATE GROUP GUANGDONG REAL ESTATE DEVELOPMENT
CO

Source text for Eikon:  ID:nSNZbWPLzL 
Further company coverage:  DPDL.SI 

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