China LNG Group (HK:0931) has released an update.
China HK Power Smart Energy Group Limited, a subsidiary of China LNG Group, is facing legal proceedings over disputed lease terms, with a recent Civil Ruling mandating the payment of approximately RMB65 million in outstanding rentals, penalties, and interest. The company and its parent, China LNG Limited, are acting as guarantors for the debt. Shareholders and potential investors are cautioned to exercise care when dealing with the company’s securities.
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