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Teamway International Group Holdings Limited ( (HK:1239) ) just unveiled an update.
Teamway International Group Holdings Limited announced that its subsidiary, Sichuan Hejing Packing Materials Co., Ltd., is involved in litigation with the Industrial and Commercial Bank of China Limited Luojiang Branch over a loan dispute. The court has issued a civil mediation agreement requiring Hejing Packing to repay the outstanding loan amount along with interest and legal costs by June 23, 2025. The subsidiary is currently negotiating a settlement, and the company states that the litigation is not materially affecting its operations.
More about Teamway International Group Holdings Limited
Teamway International Group Holdings Limited is a company incorporated in the Cayman Islands, primarily engaged in the industry of packaging materials 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: 1,679,922
Technical Sentiment Signal: Sell
Current Market Cap: HK$63.92M
See more insights into 1239 stock on TipRanks’ Stock Analysis page.