China Aerospace Subsidiary Wins Litigation Case

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

China Aerospace International Holdings Limited reported that its subsidiary, Aerospace Property Management, has received a favorable first instance judgment from Shenzhen City Nanshan District People’s Court, ordering defendant Huabaorun to pay overdue management fees and other charges totaling over RMB 10 million. The company is considering an appeal for the dismissed claims and commits to keeping shareholders informed of future developments. Investors are advised to exercise caution when dealing in the company’s shares.

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