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China International Holdings Faces Legal Proceedings Over Property Transfer

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China International Holdings Faces Legal Proceedings Over Property Transfer

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An update from China International Holdings Limited ( (SG:BEH) ) is now available.

China International Holdings Limited has announced that two of its wholly-owned subsidiaries, CIHL (Tianjin) City Development Limited and Yichang Zhongjia Xinye Asset Management Co. Ltd, have been summoned to participate in legal proceedings as co-defendants. The litigation involves a creditor’s revocation action filed by the Hubei Branch of Hunan Jing’an Engineering Co., Ltd and Hubei Guangfeng Baoyuan Construction Engineering Co., Ltd, seeking to void a property ownership transfer. The management is consulting legal counsel and will monitor the case closely to protect shareholder interests.

More about China International Holdings Limited

YTD Price Performance: -14.00%

Average Trading Volume: 263,241

Technical Sentiment Consensus Rating: Buy

Current Market Cap: S$3.36M

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