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Jiutian Chemical Group Limited ( (SG:C8R) ) has provided an update.
Jiutian Chemical Group Limited has received a notice of arbitration from a minority shareholder of its former subsidiary, Changzhou Jiutian Xiean Chemical Co., Ltd, which is undergoing creditor’s voluntary liquidation. The arbitration, filed with the Shanghai International Arbitration Center, involves a compensation claim of RMB 2 million for alleged investment losses. The company is reviewing the claim with legal advisors and will update shareholders on any significant developments, advising caution in dealing with its securities.
More about Jiutian Chemical Group Limited
Jiutian Chemical Group Limited, incorporated in Singapore, operates in the chemical industry. The company focuses on producing and distributing chemical products, with a particular emphasis on its subsidiaries, including Changzhou Jiutian Xiean Chemical Co., Ltd.
Average Trading Volume: 1,610,606
Technical Sentiment Signal: Sell
Current Market Cap: S$49.71M
For an in-depth examination of C8R stock, go to TipRanks’ Overview page.