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Tai United Holdings ( (HK:0718) ) has issued an update.
Tai United Holdings Limited has announced an update on a litigation claim involving its subsidiary, Jinzhou Jiachi. The Intermediate People’s Court of Jinzhou Municipality has issued an enforcement notice and a disclosure order requiring Jinzhou Jiachi and other defendants to pay approximately RMB1.7 billion to the Claimant Bank. Additionally, the court has withdrawn and transferred approximately RMB52.5 million from the onshore deposits of Jinzhou Jiachi and Guangzhou Rongzhi to court-maintained accounts. The company is working to notify the court of a transfer of liabilities to a new transferee, which could impact the execution of the judgment.
More about Tai United Holdings
Average Trading Volume: 2,175,254
Technical Sentiment Signal: Buy
Current Market Cap: HK$189M
See more insights into 0718 stock on TipRanks’ Stock Analysis page.