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Tang Palace (China) Holdings Limited ( (HK:1181) ) has provided an announcement.
Tang Palace (China) Holdings Limited has announced that its subsidiary, Shenzhen Well Excellent Tang Palace F&B Co., Ltd., is involved in a litigation case concerning a property lease in Shenzhen. The plaintiff, Shenzhen Sen Wang Property Management Co., Ltd., is seeking the return of the property and a sum of RMB12.7 million for outstanding rental and other costs. Despite the legal proceedings, the company has assessed that the litigation will not have a material adverse impact on its overall business operations or financial standing.
More about Tang Palace (China) Holdings Limited
Tang Palace (China) Holdings Limited operates in the restaurant industry, focusing on providing food and beverage services through its subsidiaries, including Shenzhen Well Excellent Tang Palace F&B Co., Ltd.
Average Trading Volume: 1,106,362
Technical Sentiment Signal: Sell
Current Market Cap: HK$206.6M
See more insights into 1181 stock on TipRanks’ Stock Analysis page.