Jiu Rong Holdings Limited (HK:2358) has released an update.
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Jiu Rong Holdings Limited continues its legal battle with former executive director Mr. Siu Chi Ming, maintaining a Mareva injunction that restricts him from disposing of assets in Hong Kong. The High Court Actions, which allege Mr. Siu breached fiduciary duties and were careless in his management, are not expected to materially impact the company’s operations. Shareholders are cautioned to be vigilant in trading company shares amid ongoing legal proceedings.
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