Brief: Xinyuan Property Management Service (Cayman) Updates On Arbitration Proceedings

Xinyuan Property Management Service (Cayman)

16/10/2023 15:47

Oct 16 (Reuters) - Xinyuan Property Management Service
(Cayman) Ltd  1895.HK :
    * UPDATE ON ARBITRATION PROCEEDINGS
    * FINAL ARBITRAL AWARD ISSUED BY HONG KONG INTERNATIONAL
ARBITRATION CENTRE
    * TRADING IN SHARES OF CO WILL REMAIN SUSPENDED UNTIL
FURTHER
NOTICE
    * UNDER ARBITRAL AWARD, XINYUAN (CHINA) REAL ESTATE IS
LIABLE TO
PAY LOSS SUFFERED BY CLAIMANTS
    * LOSSES PAYABLE INCLUDING TOTAL DEPOSIT PRINCIPAL OF
RMB402.4
MILLION AMONG OTHERS

Further company coverage:  1895.HK 

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