Brief: Tai United Becomes Aware Litigation Claim Brought By Claimant Bank Against Onshore Unit
09/03/2023 13:10
March 9 (Reuters) - Tai United Holdings Ltd 0718.HK :
* BECAME AWARE LITIGATION CLAIM BROUGHT IN PRC BY CLAIMANT
BANK
AGAINST AMONG OTHERS, JINZHOU JIACHI, AN ONSHORE UNIT
* TOTAL AMOUNT CLAIMED BY CLAIMANT BANK AGAINST RELEVANT
DEFENDANTS WAS APPROXIMATELY RMB2.4 BILLION
* UNDER CLAIM, UNIT WAS ALLEGED TO HAVE PROVIDED GUARANTEE
AS ONE
OF GUARANTORS OF BANK LOAN
* ALSO AWARE OF GETTING 5 ADDITIONAL GUARANTEE CONTRACTS
THAT ARE
ALLEGED TO HAVE BEEN ENTERED INTO BY GUANGZHOU RONGZHI IN 2019
Further company coverage: 0718.HK
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