3D Medicines (HKG:1244) said the Qingdao Intermediate People's Court of Shandong Province, China ordered the freezing of bank deposits amounting to 458.5 million yuan or a seizure of assets of equivalent value belonging to the members of the group, a Hong Kong bourse filing from last Friday said.
The court order was made at the request of Qingdao Hainuo Investment Development.
The company said it did not receive any statement of claim underlying the civil ruling and the seizure of assets is a compulsory measure taken by the court.
The company has applied to revoke the civil ruling and will try to resolve the dispute as soon as possible.
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