Chuan Holdings Limited (HK:1420) has released an update.
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Chuan Holdings Limited has announced a supplemental update regarding the joint venture (JV) company it formed, highlighting a procedure to resolve potential deadlocks. If the JV board fails to reach unanimous consent, a 30-day period is set for resolution, after which parties can choose to sell their shares or proceed with liquidation. This strategic move could impact the company’s financial dynamics and shareholder interests.
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