China Minsheng Banking (HK:1988) has released an update.
Claim 70% Off TipRanks This Holiday Season
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
China Minsheng Banking Corp. has successfully upheld a legal decision against Oceanwide Holding Co. regarding a loan dispute, involving RMB300 million. The Beijing High People’s Court rejected Oceanwide’s appeal, maintaining the original judgment, which includes the requirement for Oceanwide to pay related fees. This litigation outcome is not expected to impact the bank’s normal operations.
For further insights into HK:1988 stock, check out TipRanks’ Stock Analysis page.