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Rongta Technology Updates on Civil Complaint and Compensation Discrepancy

Story Highlights
  • Rongta Technology is defending a civil complaint involving trade secret infringement.
  • There is a significant discrepancy between the claimed and expected compensation amounts.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Rongta Technology Updates on Civil Complaint and Compensation Discrepancy

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Rongta Technology (Xiamen) Group Co. Ltd. Class H ( (HK:9881) ) has provided an announcement.

Rongta Technology (Xiamen) Group Co., Ltd. has issued an update regarding a civil complaint related to an alleged trade secret infringement involving Mr. A. The company is actively defending against the claims, which include a significant discrepancy between the claimed compensation of RMB199,999,994 and the company’s expected compensation range. The company has engaged legal advisers to assess the evidence and believes the likelihood of liability is low.

More about Rongta Technology (Xiamen) Group Co. Ltd. Class H

Rongta Technology (Xiamen) Group Co., Ltd. is a joint stock company incorporated in the People’s Republic of China. The company operates within the technology sector, focusing on providing innovative solutions and services. It is listed on the Stock Exchange of Hong Kong under the stock code 9881.

Average Trading Volume: 731,537

See more data about 9881 stock on TipRanks’ Stock Analysis page.

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