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Northeast Electric Development Co., Ltd. Class H ( (HK:0042) ) just unveiled an announcement.
Northeast Electric Development Co., Ltd. is involved in a legal dispute concerning the validity of a Debt Transfer Agreement with Liaoning Trust and Investment Company. The court has ruled on the lawsuit, which involves a loan provided to Huludao Jinhua Chemical Group Co., Ltd. The plaintiff claims that the agreement signed during the liquidation period was invalid and harmed the interests of other creditors, demanding the return of the principal amount along with interest.
The most recent analyst rating on (HK:0042) stock is a Hold with a HK$0.50 price target. To see the full list of analyst forecasts on Northeast Electric Development Co., Ltd. Class H stock, see the HK:0042 Stock Forecast page.
More about Northeast Electric Development Co., Ltd. Class H
Average Trading Volume: 1,161,934
Technical Sentiment Signal: Buy
Current Market Cap: HK$283.8M
For detailed information about 0042 stock, go to TipRanks’ Stock Analysis page.