Brief: Tempus Holdings Says On 4 March Co Got Notification From Controlling Shareholder Of Arbitration Issued By Court

Tempus Holdings

07/03/2022 14:51

March 7 (Reuters) - 
    * ON 4 MARCH CO GOT NOTIFICATION FROM CONTROLLING
SHAREHOLDER THAT
IT HAD BEEN SERVED WITH A NOTICE OF ARBITRATION ISSUED BY COURT
    * NOTICE OF ARBITRATION IN RELATION TO FINANCIAL LOAN
CONTRACTS
DISPUTE
    * CINDA ASSET MANAGEMENT SHENZHEN BRANCH ALLEGED THAT TEMPUS
LOGISTICS FAILED TO REPAY PRINCIPAL AMOUNT, AMONG OTHERS OF 
RMB1.65 BILLION
    * DISPUTE INVOLVING ICBC SHENZHEN DONGMEN BRANCH WHICH WAS
SUBSEQUENTLY CHANGED TO CINDA ASSET MANAGEMENT SHENZHEN BRANCH
AS APPLICANT
    * NO ARBITRAL AWARD HAS BEEN GRANTED IN RESPECT OF DISPUTE
AS OF
MARCH 7


 ((Reuters.Briefs@thomsonreuters.com;))