Brief: New Focus Auto Tech Says Inner Mongolia Chuangying Recently Received Another Summons

New Focus Auto Tech Holdings

29/08/2023 17:00

Aug 29 (Reuters) - New Focus Auto Tech Holdings Ltd
 0360.HK :
    * INNER MONGOLIA CHUANGYING RECENTLY RECEIVED ANOTHER
SUMMONS
    * INNER MONGOLIA CHUANGYING SHALL BE LIABLE FOR ENGAGING IN
SUCH
CONDUCT BY RECEIVING CHIFENG LIFENG'S ASSETS WITHOUT PAYMENT
    * CHIFENG LIFENG REQUEST BEFORE COURT FOR RULING
    * RULING THAT INNER MONGOLIA CHUANGYING AND LIFENG DINGSHENG
SHALL
COMPENSATE CHIFENG LIFENG FOR AGGREGATE AMOUNT OF RMB 40 MILLION
    * DUE TO LITIGATION AND UNCERTAINTY ON IMPLEMENTATION AND
EXECUTION OF POST- TRIAL RULINGS, IMPACT ON FINANCIAL POSITION
UNCERTAIN

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