Tai United Holdings (HK:0718) has released an update.
Tai United Holdings has issued a supplemental announcement following the receipt of enforcement notices and disclosure orders related to legal judgments against Guangzhou Rongzhi, a subsidiary. The company has confirmed that despite potential financial liabilities and frozen bank accounts, Guangzhou Rongzhi’s shopping mall operations continue as normal, with new jointly controlled bank accounts established to maintain daily business. Shareholders and investors are cautioned to be prudent when dealing with the company’s securities.
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