China Aerospace International Holdings Limited (HK:0031) has released an update.
China Aerospace International Holdings Limited has received a judgment from the Shenzhen City Nanshan District People’s Court in a litigation involving its subsidiary, Aerospace Technology, and Jindian Industrial. The court ordered Jindian Industrial to compensate Aerospace Technology for half of the outstanding debt related to a third party, with penalties for delayed payment. This legal outcome could significantly impact the financial obligations of Jindian Industrial, affecting shareholders and potential investors.
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