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An announcement from Qidian International Co., Ltd. ( (HK:1280) ) is now available.
Qidian International Co., Ltd. has issued a supplemental announcement regarding the litigation involving Anhui Four Seas. The Hanjiang District People’s Court of Yangzhou City has frozen 65% equity interests of Anhui Four Seas, held by Yangzhou Huiyin Commercial Chain, due to allegations by Nanjing Haihuitong. The Board of Qidian International has reviewed the allegations and maintains that the equity transfer was not gratuitous but part of a comprehensive assignment of rights and obligations, ensuring creditors’ interests were protected.
More about Qidian International Co., Ltd.
YTD Price Performance: 53.39%
Average Trading Volume: 1,124,040
Technical Sentiment Signal: Sell
Current Market Cap: HK$6.95B
See more insights into 1280 stock on TipRanks’ Stock Analysis page.