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China Shuifa Singyes Wins Arbitration Award

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China Shuifa Singyes Wins Arbitration Award

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China Singyes Solar Technologies Holdings ( (HK:0750) ) has issued an update.

China Shuifa Singyes Energy Holdings Limited, a company involved in energy solutions, has announced a favorable outcome in an arbitration case. The arbitration, initiated by the company and its major shareholder, Water Development (HK) Holding Co., Limited, resulted in an award of RMB32,358,873.36 against the former major shareholders for indemnification due to breaches related to a previous subscription agreement. This decision is expected to positively impact the company’s financial standing and affirm its commitment to protecting shareholder interests.

More about China Singyes Solar Technologies Holdings

Average Trading Volume: 651,512

Technical Sentiment Signal: Sell

Current Market Cap: HK$627.7M

Learn more about 0750 stock on TipRanks’ Stock Analysis page.

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