Brief: Gudou Says Update On Litigation Against Company's Subsidiaries

Gudou Holdings

06/12/2023 10:26

Dec 6 (Reuters) - Gudou Holdings Ltd  8308.HK :
    * UPDATE ON LITIGATION AGAINST COMPANY'S SUBSIDIARIES
    * COURT ORDERED COOPERATION AND DEVELOPMENT AGREEMENT DATED
16
JULY ENTERED BY GUANGDONG GUDOU AND AOYUAN DISCHARGED ON 19 MAY
    * TRADING TO REMAIN SUSPENDED UNTIL FURTHER NOTICE
    * COURT ORDERED AOYUAN SHALL PAY GUANGDONG GUDOU SUM OF
RMB10
MILLION, BEING DAMAGES FOR BREACH OF COOPERATION AGREEMENT
    * COURT DECIDED THAT ALLEGED SUPPLEMENTAL AGREEMENT DATED 27
APRIL
WAS INVALID AND SHALL NOT BE ENFORCEABLE AGAINST CO
    * GUANGDONG GUDOU MADE COUNTERCLAIMS AGAINST AOYUAN
    * COUNTERCLAIMS MADE AGAINST SURRENDER & PROVISION OF
FINANCIAL
RECORDS & INFORMATION OF JOINT OPERATION

Further company coverage:  8308.HK 

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