REALWAY CAPITAL Subsidiary Wins First-Instance Ruling as Plaintiff's Claims Are Dismissed

Stock News
Apr 08

REALWAY CAPITAL (01835) announced that its subsidiary, Shanghai Ruixiang Investment Management Co., Ltd. (Ruixiang Investment), which was named as the defendant, has been involved in a dispute over the recovery of withdrawn capital with Shengsi Pengbo Real Estate Development Co., Ltd. (Shengsi Pengbo) and Zhejiang Anlan Hotel Management Co., Ltd. (Zhejiang Anlan), the plaintiffs. The board of directors is pleased to announce that on April 7, 2026, Ruixiang Investment received the first-instance civil judgment from the Shengsi County People's Court in Zhejiang Province regarding this lawsuit. The judgment dismisses the claims of the plaintiffs, Shengsi Pengbo and Zhejiang Anlan. According to relevant laws and regulations, Shengsi Pengbo and Zhejiang Anlan have the right to appeal the first-instance judgment within 15 days of receiving it. If no appeal is filed, the judgment will become effective 15 days after its delivery.

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