SinoCloud Group Limited (SG:LYY) has released an update.
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SinoCloud Group Limited has informed its shareholders of a legal victory, where the Beijing Shunyi People’s Court dismissed a claim against three of its subsidiaries and a controlling shareholder, imposing court costs on the plaintiff. Shareholders have been advised to be cautious when dealing with the company’s securities and to seek professional advice as necessary. The company will continue to update its shareholders on any further material developments.
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