Brief: Yanchang Petroleum International Recently Notified By Yanchang Petroleum (Zhejiang Ftz) That Unit Is Involved In Legal Proceedings

Yanchang Petroleum International

15/09/2022 08:01

Sept 15 (Reuters) - Yanchang Petroleum International Ltd
 0346.HK :
    * RECENTLY NOTIFIED BY YANCHANG PETROLEUM (ZHEJIANG FTZ)
THAT UNIT
IS INVOLVED IN LEGAL PROCEEDINGS
    * CLAIM MADE BY ZHOUSHAN SHENGYUAN PETROCHEMICAL AGAINST
UNIT FOR
PURCHASE AMOUNTS OF RMB 23 MILLION & RELEVANT COSTS
    * ASSETS OF SUBSIDIARY IN AMOUNT OF RMB 30.4 MILLION  HAVE
BEEN
FROZEN BY A COURT ORDER
    * CLAIM MADE BY NINGBO ZHONGYANG TRANSPORTATION AGAINST UNIT
FOR
TRANSPORTATION FEES OF RMB902,800 & RELEVANT COSTS
    * CLAIM MADE BY CHONGQING CITY KANZHUN TRADING AGAINST UNIT
FOR
PURCHASE AMOUNTS OF RMB7.5 MILLION & RELEVANT COSTS
    * CLAIM  MADE BY ZIBO SHENGNENG PETROCHEMICAL AGAINST UNIT 
FOR
PURCHASE AMOUNTS OF  RMB 37.8 MILLION
    * GROUP HAS BEEN IN COURSE OF SEEKING LEGAL ADVICE ON CLAIMS
IN
RESPECT OF LITIGATIONS


Further company coverage:  0346.HK 

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