Sino Grandness Food Industry Group Limited (SG:T4B) has released an update.
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Sino Grandness Food Industry Group Limited has received a substantial letter of demand from Goldman Sachs Investments Holdings (Asia) Limited regarding alleged outstanding payments by its subsidiary, Garden Fresh HK, totaling over RMB 396 million and USD 150 million. The company disputes the claimed amount, citing excessive interest charges, and plans to defend against the claims while seeking advice from professional advisers. Shareholders have been advised to stay informed through company updates on the situation.
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