Tai United Holdings (HK:0718) has released an update.
TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Tai United Holdings Limited has announced significant financial movements, as RMB44.3 million of deposits from its subsidiaries, Jinzhou Jiachi and Guangzhou Rongzhi, have been transferred to court accounts in the PRC. Additionally, the company faces a legal setback with its subsidiary Anyang Jiangchuan, which lost an appeal and must pay RMB3.9 million plus interest to a former supplier. Investors are urged to be cautious in trading the company’s securities.
For further insights into HK:0718 stock, check out TipRanks’ Stock Analysis page.