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Teamway International Group Holdings Limited ( (HK:1239) ) has issued an update.
Teamway International Group Holdings Limited announced that its subsidiary, Sichuan Hejing Packing Materials Co., Ltd., is involved in litigation with Deyang Rural Commercial Bank Co., Ltd. over an outstanding loan. The court has issued a mediation agreement requiring repayment by 19 May 2025, but the subsidiary has yet to fulfill this obligation. The company is seeking legal advice and negotiating a settlement, with no current material adverse effect on its operations.
More about Teamway International Group Holdings Limited
Teamway International Group Holdings Limited operates in the packaging materials industry, primarily through its subsidiary Sichuan Hejing Packing Materials Co., Ltd. The company focuses on providing packaging solutions and has a market presence in China.
Average Trading Volume: 2,243,581
Technical Sentiment Signal: Buy
Current Market Cap: HK$136.1M
Learn more about 1239 stock on TipRanks’ Stock Analysis page.