China Aerospace Settles Litigation with Positive Outcome

China Aerospace International Holdings Limited (HK:0031) has released an update.

China Aerospace International Holdings Limited has recently received final and binding second-instance judgments from the Shenzhen Municipal Intermediate People’s Court regarding various litigation cases with Hangke Houhai and Huabaorun. The judgments concluded that Hangke Houhai owes Aerospace Technology, a subsidiary of the company, approximately RMB22 million after offsetting credit liabilities. These resolutions mark the end of the legal disputes and the company has promised to keep stakeholders updated on any further developments.

For further insights into HK:0031 stock, check out TipRanks’ Stock Analysis page.