Brief: Shenzhen Investment Says On 26 May & 31 May, Units Received A Statement Of Claim From Court

Shenzhen Investment

16/06/2021 14:19

June 16 (Reuters) - Shenzhen Investment Ltd  0604.HK :
    * ON 26 MAY AND 31 MAY 2021 UNITS RECEIVED A STATEMENT OF
CLAIM 
FROM COURT
    * CLAIMS BY HUBEI PROVINCE LIVESTOCK & POULTRY BREEDING
CENTER
REGARDING CONTRACTUAL DISPUTES OVER DEVELOPMENT OF NANHU ROSE
BAY
    * CLAIMS INCLUDE UNITS SHOULD PAY RMB500 MILLION
    * IN CONNECTION WITH LITIGATION, COURT ORDERED BANK ACCOUNTS
AND
OTHER ASSETS OF UNITS TO BE FROZEN TO EXTENT OF RMB640 MILLION
    * UNITS WILL DEFEND LITIGATION


Further company coverage:  0604.HK 

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