Casablanca Group Ltd. (HK:2223) has released an update.
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Casablanca Group Ltd has announced the settlement of litigation by its subsidiary Casa Living with Hunan Seven Star involving unpaid capital contributions. The settlement includes a share transfer to two new independent investors, the establishment of a cooperation agreement to replace the previous JV Agreement, and the subsequent cessation of legal claims. This strategic move aims to streamline operations and governance within Casa Living, impacting its market position and future growth prospects.
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