Century Ginwa Wins RMB169.9 Million Liquidated Damages in Xi’an Litigation Ruling

The latest update is out from Century Ginwa Retail Holdings Limited ( (HK:0162) ).

Century Ginwa Retail Holdings has disclosed an inside information update on a long-running litigation involving its subsidiary, Century Ginwa Company Limited, and Xi’an Yigao Property Development Company Limited. The Xi’an Intermediate People’s Court has revised an earlier lower-court ruling and ordered Xi’an Yigao to pay RMB169.9 million in liquidated damages to Century Ginwa Company Limited within ten days of the judgment taking effect, with double interest to apply on any overdue amount, while dismissing the subsidiary’s other claims. The ruling, which follows earlier announcements on the case, potentially represents a significant receivable for the group, though the company has cautioned shareholders and potential investors to exercise care when dealing in its shares as the actual financial impact and enforcement remain to be seen.

The most recent analyst rating on (HK:0162) stock is a Hold with a HK$0.04 price target. To see the full list of analyst forecasts on Century Ginwa Retail Holdings Limited stock, see the HK:0162 Stock Forecast page.

More about Century Ginwa Retail Holdings Limited

Century Ginwa Retail Holdings Limited is a Bermuda-incorporated company listed in Hong Kong, operating through subsidiaries under the Century Ginwa brand. The group is engaged in retail-related businesses in mainland China, with operations overseen by a board comprising executive, non-executive and independent non-executive directors based in Hong Kong and the PRC.

Average Trading Volume: 438,887

Technical Sentiment Signal: Strong Sell

Current Market Cap: HK$47.14M

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