China International Holdings Limited (SG:BEH) has released an update.
China International Holdings Limited has updated shareholders on the ongoing litigation involving the Convention and Exhibition Center, where differing views among co-shareholders have weakened legal arguments. After consulting with legal counsel, the company has decided not to appeal the recent court decision, considering it unlikely to be beneficial, and will explore alternative measures to protect their interests. The financial implications of the court’s decision will be assessed and reflected in the company’s mid-year financial results.
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