China International Holdings Limited (SG:BEH) has released an update.
China International Holdings Limited has announced that the Yichang Intermediate Court rejected the appeal filed by its two wholly-owned subsidiaries in ongoing litigation, making the decision final and unappealable. The company’s board is currently considering its options with legal counsel and has made provisions for liabilities related to the case in the FY2023 Financial Statements. Shareholders have been advised to exercise caution when dealing with the company’s shares.
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