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B & S International Holdings Ltd. ( (HK:1705) ) has provided an update.
B & S International Holdings Ltd., a company incorporated in the Cayman Islands, has reached a settlement agreement regarding a legal action involving its subsidiary, Wise Fine, and LHM. The settlement, which involves a payment of HK$9,750,000 by Wise Fine, resolves all claims and counterclaims without any admission of liability. Despite the settlement sum exceeding the previously recorded trade payable by HK$500,000, the company anticipates no significant adverse financial impact. The directors believe the settlement is in the best interest of the company and its shareholders.
More about B & S International Holdings Ltd.
Average Trading Volume: 141,260
Technical Sentiment Signal: Buy
Current Market Cap: HK$148M
For detailed information about 1705 stock, go to TipRanks’ Stock Analysis page.