Nanjing Sample Technology Co., Ltd. Class H (HK:1708) has released an update.
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Nanjing Sample Technology Co., Ltd. faces a significant legal challenge after a court upheld a decision requiring its subsidiary to repay a substantial loan to Jiangsu Tongyong Luqiao Engineering Co., Ltd. The company is appealing the decision, citing suspicions of financial misconduct by a former vice president, but anticipates potential impacts on its financial position. Despite these legal proceedings, Nanjing Sample Technology assures that the current business operations remain unaffected.
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