Brief: Excellence Commercial Property & Facilities Management Says On 9 Nov Unit Served With Notice Of Arbitration

Excellence Commercial Property & Facilities Management

07/12/2022 14:42

Dec 7 (Reuters) - Excellence Commercial Property &
Facilities Management Group Ltd  6989.HK :
    * ON 9 NOV RECEIVED A NOTIFICATION FROM SHENZHEN EXCELLENCE
PROPERTY MANAGEMENT CO
    * UNIT SERVED WITH NOTICE OF ARBITRATION ISSUED BY SHANGHAI
ARBITRATION COMMISSION
    * ARBITRATION ISSUED IN RELATION TO DISPUTE OVER SALE AND
PURCHASE
AGREEMENT
    * HAS ENGAGED LEGAL ADVISERS IN PRC TO HANDLE ARBITRATION
    * EXPECTS UNIT WILL DEFEND IN ARBITRATION TO PROTECT
LEGITIMATE
INTERESTS
    * AS AT DEC 7, SHENZHEN XISHUI NO LONGER UNIT OF CO & GROUP
CEASED
TO HAVE STAKE IN XISHUI

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