Qinhuangdao Port Co., Ltd. (Stock Code: 03369) Announces Updates on Maritime Tort Disputes

Bulletin Express
Feb 06

Qinhuangdao Port Co., Ltd. (the Company) disclosed new developments regarding certain litigations and arbitrations. According to the latest information, the maritime tort dispute involving Shaanxi Blower (Group) Co., Ltd. reached a first trial judgment that rejected Shaanxi Blower’s claim against the Company, while clarifying that this judgment is not final. The disputed amount is approximately RMB468.8101 million.

A separate maritime tort dispute involving Jiangxi Copper International Trading Co., Ltd. proceeded to a second trial, which quashed the prior first trial rulings and remanded the case to the original court for retrial. The disputed amount is approximately RMB782.5809 million.

There is no new progress on other previously disclosed litigations and arbitrations. The ultimate impact of these cases on the Company’s current and subsequent financial periods remains uncertain. The Company has retained professional legal services and will disclose any significant developments in accordance with relevant legal and regulatory requirements.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10