GF Securities Co (HK:1776) has released an update.
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GF Securities Co., Ltd. is facing a significant legal challenge as they, along with several other defendants, are embroiled in a litigation case involving alleged securities misrepresentation related to Misho Ecology & Landscape Co., Ltd. The plaintiffs are demanding compensation amounting to approximately RMB0.95 million, though the final impact on GF Securities’ financials remains uncertain. The company assures stakeholders of its stable financial position and commits to updating on the litigation’s progress.
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