Brief: China Geothermal Industry Development Updates On Court Ruling Against Unit

Sino Energy Conservation International

13/01/2022 14:14

Jan 13 (Reuters) - China Geothermal Industry Development
Group Ltd  8128.HK :
    * UNIT WAS NOTIFIED BY BEIJING LIFE THEY RECEIVED NOTICE OF
ASSISTANCE IN ENFORCEMENT & RULING ISSUED BY COURT
    * COURT RULED TO IMPLEMENT ASSETS PRESERVATIVE MEASURES
APPLIED BY
SHANGHAI GANGZE AGAINST UNIT AND BEIJING RUNGU
    * LIMITS IMPOSED ON UNIT AND BEIJING RUNGU ARE RMB245.2
MILLION
AND RMB8.2 MILLION RESPECTIVELY.
    * COMPANY WILL RESPOND TO LITIGATION
    * BEIJING LIFE REQUIRED TO ASSIST IN FREEZING 4.99965% STAKE
OF
BEIJING LIFE HELD BY UNIT

Source text for Eikon:  ID:nHKS5h0TwM 
Further company coverage:  8128.HK 

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