Northeast Electric Development Co. Ltd. Faces Litigation Over RMB35 Million Loan Involving Liaoning Trust and Investment Company

Reuters

07/04

Northeast Electric Development Co. Ltd. Faces Litigation Over RMB35 Million Loan Involving Liaoning Trust and Investment Company

Northeast Electric Development Co. Ltd. $(NEE)$ is involved in a litigation case concerning an unresolved loan agreement. The case dates back to 1997, when Liaoning Trust and Investment Company, entrusted by the Liaoning Provincial Department of Finance, provided a loan of RMB35 million to Huludao Jinhua Chemical (Group) Co., Ltd. Jinhua Chemical repaid only RMB8 million, leaving a balance of RMB27 million unpaid. Following the liquidation of Liaoning Trust and Investment Company, a "Debt Transfer Agreement" was signed with Northeast Electric. The People's Court of Heping District, Shenyang City, has scheduled a hearing for August 5, 2025. Northeast Electric plans to actively respond to the lawsuit, given that the statute of limitations may have expired under the Civil Law of the People's Republic of China. As of now, the company has no other undisclosed litigations or arbitrations.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. NEE - Northeast Electric Development Co. Ltd. published the original content used to generate this news brief on July 04, 2025, and is solely responsible for the information contained therein.

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Ltd. Faces Litigation Over RMB35 Million Loan Involving Liaoning Trust and Investment Company","media":"Reuters","content":"<html xmlns=\"http://www.w3.org/1999/xhtml\" xmlns:newsg2=\"http://iptc.org/std/nar/2006-10-01/\" xmlns:xhtml=\"http://www.w3.org/1999/xhtml\"><head><title>\n      Northeast Electric Development Co. Ltd. Faces Litigation Over RMB35 Million Loan Involving Liaoning Trust and Investment Company\n    </title></head><body><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<p>\n        Northeast Electric Development Co. Ltd. <a href=\"https://laohu8.com/S/NEE\">$(NEE)$</a> is involved in a litigation case concerning an unresolved loan agreement. The case dates back to 1997, when Liaoning Trust and Investment Company, entrusted by the Liaoning Provincial Department of Finance, provided a loan of RMB35 million to Huludao Jinhua Chemical (Group) Co., Ltd. Jinhua Chemical repaid only RMB8 million, leaving a balance of RMB27 million unpaid. Following the liquidation of Liaoning Trust and Investment Company, a \"Debt Transfer Agreement\" was signed with Northeast Electric. The People's Court of Heping District, Shenyang City, has scheduled a hearing for August 5, 2025. Northeast Electric plans to actively respond to the lawsuit, given that the statute of limitations may have expired under the Civil Law of the People's Republic of China. As of now, the company has no other undisclosed litigations or arbitrations.\n      </p>\n</div><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<em>Disclaimer: <span>This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. NEE - Northeast Electric Development Co. Ltd. published the original content used to generate this news brief on July 04, 2025, and is solely responsible for the information contained therein.</span></em>\n</div></body></html>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Northeast Electric Development Co. Ltd. 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Ltd. Faces Litigation Over RMB35 Million Loan Involving Liaoning Trust and Investment Company\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1032215980\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time smaller\">2025-07-04 17:10</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<html xmlns=\"http://www.w3.org/1999/xhtml\" xmlns:newsg2=\"http://iptc.org/std/nar/2006-10-01/\" xmlns:xhtml=\"http://www.w3.org/1999/xhtml\"><head><title>\n      Northeast Electric Development Co. Ltd. Faces Litigation Over RMB35 Million Loan Involving Liaoning Trust and Investment Company\n    </title></head><body><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<p>\n        Northeast Electric Development Co. Ltd. <a href=\"https://laohu8.com/S/NEE\">$(NEE)$</a> is involved in a litigation case concerning an unresolved loan agreement. The case dates back to 1997, when Liaoning Trust and Investment Company, entrusted by the Liaoning Provincial Department of Finance, provided a loan of RMB35 million to Huludao Jinhua Chemical (Group) Co., Ltd. Jinhua Chemical repaid only RMB8 million, leaving a balance of RMB27 million unpaid. Following the liquidation of Liaoning Trust and Investment Company, a \"Debt Transfer Agreement\" was signed with Northeast Electric. The People's Court of Heping District, Shenyang City, has scheduled a hearing for August 5, 2025. Northeast Electric plans to actively respond to the lawsuit, given that the statute of limitations may have expired under the Civil Law of the People's Republic of China. As of now, the company has no other undisclosed litigations or arbitrations.\n      </p>\n</div><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<em>Disclaimer: <span>This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. NEE - Northeast Electric Development Co. Ltd. published the original content used to generate this news brief on July 04, 2025, and is solely responsible for the information contained therein.</span></em>\n</div></body></html>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"00042","symbol_name":"東北電氣","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250704:nNDL5nLkpy:1","article_id":"2548361171","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2548361171","pubTimestamp":1751620246,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"Northeast Electric Development Co. 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Faces Litigation Over RMB35 Million Loan Involving Liaoning Trust and Investment Company\n    \n\n        Northeast Electric Development Co. Ltd. $(NEE)$ is involved in a litigation case concerning an unresolved loan agreement. The case dates back to 1997, when Liaoning Trust and Investment Company, entrusted by the Liaoning Provincial Department of Finance, provided a loan of RMB35 million to Huludao Jinhua Chemical (Group) Co., Ltd. Jinhua Chemical repaid only RMB8 million, leaving a balance of RMB27 million unpaid. Following the liquidation of Liaoning Trust and Investment Company, a \"Debt Transfer Agreement\" was signed with Northeast Electric. The People's Court of Heping District, Shenyang City, has scheduled a hearing for August 5, 2025. Northeast Electric plans to actively respond to the lawsuit, given that the statute of limitations may have expired under the Civil Law of the People's Republic of China. As of now, the company has no other undisclosed litigations or arbitrations.\n      \n\nDisclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. NEE - Northeast Electric Development Co. Ltd. published the original content used to generate this news brief on July 04, 2025, and is solely responsible for the information contained therein.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"policyRegulatory,event","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"}}}