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Tai United Holdings ( (HK:0718) ) has shared an announcement.
Tai United Holdings Limited, through its subsidiary Guangzhou Rongzhi, has initiated a payment of RMB236.2 million to comply with enforcement notices and judgment orders from PRC courts regarding guarantee liabilities related to loans of Shenyang Ruifan and Shenyang Shenghe. This move comes after receiving pressure from the Other Claimant Bank and advice on potential risks, including freezing orders on operating rights. The company is negotiating with relevant parties to settle contingent liabilities and may pursue legal action if no agreement is reached.
More about Tai United Holdings
YTD Price Performance: 5.88%
Average Trading Volume: 601,590
Technical Sentiment Consensus Rating: Buy
Current Market Cap: HK$189M
See more insights into 0718 stock on TipRanks’ Stock Analysis page.