Tai United Holdings (HK:0718) has released an update.
Tai United Holdings faces significant legal challenges, with Guangzhou Rongzhi, a subsidiary, ordered to pay judgment amounts totaling over RMB 330 million for two separate loans, alongside ongoing litigation related to a construction claim. The enforcement notices and disclosure orders from the Intermediate People’s Court of Shenyang Municipality require detailed financial reporting and carry potential additional penalties for non-compliance. Meanwhile, Jinzhou Jiachi, another subsidiary, has been summoned for a court hearing to revisit a contested judgment concerning construction services.
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