Ying Li Secures 504 Million Yuan Arbitration Award

MT Newswires

2024/12/09

Ying Li International Real Estate (SGX:5DM) won a 503.8 million yuan arbitration award against Shengyu (BVI) in a dispute handled by the China Chongqing Arbitration Commission, according to a Friday filing on the Singapore Stock Exchange.

The tribunal ordered Shengyu to pay within 10 days, along with legal fees and partial arbitration costs. Ying Li is exploring enforcement options, including asset tracing and potential legal action against other defendants, amid Shengyu's financial difficulties.

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Ying Li is exploring enforcement options, including asset tracing and potential legal action against other defendants, amid Shengyu's financial difficulties.</p></body></html>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK6117","symbol_name":"房地產開發","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2490976881","we_media_id":"1060499803","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2490976881","pubTimestamp":1733696998,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"MT Newswires","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. 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