Sheen Tai Holdings Group Co. Ltd. (HK:1335) has released an update.
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Sheen Tai Holdings Group Co. Ltd. has announced that a borrower has defaulted on a loan repayment, amounting to approximately RMB44,990,000 including interest. The company is taking legal action to recover the outstanding amount, although it assures that the default does not impact its working capital. Investors are advised to be cautious when dealing with the company’s securities.
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