Brief: Realord Group Makes Announcement On Litigation Against Two Units
31/12/2020 13:29
Dec 31 (Reuters) - Realord Group Holdings Ltd 1196.HK :
* GOT CIVIL JUDGEMENT DATED 13 NOV FOR RETRIAL APPLICATION
BROUGHT
AGAINST CITIBEST GLOBAL & GUAN ZHANG ELECTRICAL ELECTRONIC
(SHENZHEN)
* UNDER JUDGEMENT, GUAN ZHANG & CITIBEST TO COMPENSATE
SHENZHEN
XIN YOU XU PLANNING AND DESIGN FOR RMB29.6 MILLION
* SEEKING LEGAL ADVICE ON APPROPRIATE ACTION IT WILL TAKE
REGARDING LITIGATION & JUDGEMENT
* SEES LOSS FOR RELEVANT LITIGATION AMOUNT OF ABOUT RMB12
MILLION
FOR FY 2020
Source text https://www1.hkexnews.hk/listedco/listconews/sehk/2020/1231/2020123101798.pdf
Further company coverage: 1196.HK
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