Tai United Holdings (HK:0718) has released an update.
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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.