China Health Group (HK:0673) has released an update.
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China Health Group Limited has initiated legal action against the People’s Government of Shuangluan District and Chengde City Hospital for failing to repay a loan and interest totaling over RMB59 million. Despite a Termination Agreement and multiple repayment promises, the defendants have still not settled the outstanding balance. This contractual dispute follows the unsuccessful implementation of a joint hospital operation model due to policy changes.
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