Tai United Holdings (HK:0718) has released an update.
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Tai United Holdings faces significant financial challenges as RMB38.3 million in deposits from its subsidiaries have been moved to court accounts in the PRC, raising concerns about the company’s cash flow. Additionally, a subsidiary, Anyang Jiangchuan, is ordered by the court to pay RMB3.9 million plus interest due to unresolved construction fees from 2013. Investors are advised to remain cautious amid these developments.
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