New City Development Group Limited (HK:0456) has released an update.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
New City Development Group Limited faces a legal setback as its subsidiaries’ appeal against a RMB 57.90 million breach of contract ruling was dismissed by a PRC court. The company, which is currently considering seeking a re-trial, assures shareholders that the court decisions do not materially impact its financial health or operations. Shareholders are cautioned to be prudent in their dealings with the company’s securities.
For further insights into HK:0456 stock, check out TipRanks’ Stock Analysis page.
Trending Articles:
Looking for a trading platform? Check out TipRanks' Best Online Brokers guide, and find the ideal broker for your trades.
Report an Issue