Brief: Shenzhen Investment Announces Litigation Involving Non-Wholly-Owned Subsidiaries

Shenzhen Investment

11/01/2024 15:33

Jan 11 (Reuters) - Shenzhen Investment Ltd  0604.HK :
    * LITIGATION INVOLVING NON-WHOLLY-OWNED SUBSIDIARIES
    * CHENGDU FENGZE SHOULD PAY EARNINGS DISTRIBUTION OF
APPROXIMATELY
RMB224 MILLION
    * ON 3 JAN, UNITS RECEIVED STATEMENT OF CLAIM FROM
INTERMEDIATE
PEOPLE'S COURT OF CHENGDU CITY
    * IF CHENGDU FENGZE CANNOT FULFILL PAYMENT DUE, SHUM YIP
TERRA
SHOULD BEAR RESPONSIBILITY FOR COMPENSATION
    * SUBSIDIARIES SHOULD PAY COSTS OF ACTION
    * CLAIM BY SICHUAN HAOFU INDUSTRIAL AGAINST UNITS ON
DISPUTES IN
EARNINGS DISTRIBUTION OVER INVESTMENT OF "198" CONGSHU AREA
    * UNIT WILL ENGAGE LEGAL ADVISERS TO HANDLE LITIGATION AS
SOON AS
PRACTICABLE


Further company coverage:  0604.HK 

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