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The latest update is out from Qidian International Co., Ltd. ( (HK:1280) ).
Qidian International Co., Ltd. has announced updates on legal proceedings involving its subsidiary, Anhui Four Seas. The company is currently dealing with two legal cases: the Haihuitong Litigation and the Huainan Jianle Lawsuit. The Haihuitong Litigation involves an appeal against a judgment that prevents dealing with 65% equity interests of Anhui Four Seas. In the Huainan Jianle Lawsuit, Yangzhou Huiyin Commercial Chain has been ordered to pay RMB61,076,715 to Huainan Jianle, with the possibility of auctioning or selling the 65% equity interest in Anhui Four Seas if the payment is not made. This potential disposal is considered a major transaction under the Listing Rules, requiring shareholder approval.
More about Qidian International Co., Ltd.
Average Trading Volume: 1,129,768
Technical Sentiment Signal: Buy
Current Market Cap: HK$6.72B
For a thorough assessment of 1280 stock, go to TipRanks’ Stock Analysis page.