Morris Home Holdings Limited (HK:1575) has released an update.
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Morris Home Holdings Limited faces legal challenges as its subsidiary, Muhua, is summoned to court over a claim by Haining Fur for repayment of RMB3,000,000 related to loan guarantee payments. The dispute revolves around the alleged consensus on debt obligations post-restructuring, with accusations of unauthorized use of company seals in a repayment undertaking. This financial turmoil follows a previous restructuring sanctioned by the Haining Court to manage the subsidiaries’ debts.
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