HK CHINESE LTD (00655): Bank Challenges Award of Approximately S$17.7 Million in Singapore High Court Appeal

Stock News

Feb 04

HK CHINESE LTD (00655) has issued an announcement regarding the Singapore High Court General Division's ruling that awarded the bank total compensation of approximately S$17.7 million. Following these disclosures, the company's Board of Directors wishes to inform its shareholders and potential investors that the joint venture company has now notified it that the bank has filed an appeal with the Singapore High Court Appellate Division, contesting the compensation amount awarded by the General Division. The appeal hearing is scheduled for May 2026. The company anticipates that the outcome of the appeal will not have a material impact on the Group's asset value or financial position, but it may affect its operational performance. The specific nature of this impact cannot be determined at this stage. The actual financial effect to be recorded by the Group is subject to review and final verification by the company's auditors.

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Following these disclosures, the company's Board of Directors wishes to inform its shareholders and potential investors that the joint venture company has now notified it that the bank has filed an appeal with the Singapore High Court Appellate Division, contesting the compensation amount awarded by the General Division. The appeal hearing is scheduled for May 2026. The company anticipates that the outcome of the appeal will not have a material impact on the Group's asset value or financial position, but it may affect its operational performance. The specific nature of this impact cannot be determined at this stage. The actual financial effect to be recorded by the Group is subject to review and final verification by the company's auditors.</p>","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>HK CHINESE LTD (00655): Bank Challenges Award of Approximately S$17.7 Million in Singapore High Court Appeal</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nHK CHINESE LTD (00655): Bank Challenges Award of Approximately S$17.7 Million in Singapore High Court Appeal\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036600163\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/b3bf6d02ad1a6e9e7377eebbb162346a);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Stock News </p>\n<p class=\"h-time\">2026-02-04 19:49</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>HK CHINESE LTD (00655) has issued an announcement regarding the Singapore High Court General Division's ruling that awarded the bank total compensation of approximately S$17.7 million. Following these disclosures, the company's Board of Directors wishes to inform its shareholders and potential investors that the joint venture company has now notified it that the bank has filed an appeal with the Singapore High Court Appellate Division, contesting the compensation amount awarded by the General Division. The appeal hearing is scheduled for May 2026. The company anticipates that the outcome of the appeal will not have a material impact on the Group's asset value or financial position, but it may affect its operational performance. The specific nature of this impact cannot be determined at this stage. The actual financial effect to be recorded by the Group is subject to review and final verification by the company's auditors.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"00655","symbol_name":"香港华人有限公司","start_time":0,"source_url":"","article_id":"1123045832","we_media_id":"1036600163","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1123045832","pubTimestamp":1770205746,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Stock News","introduction":"Global Stock News First-Time Broadcast","home_visible":1,"id":"1036600163","head_image":"https://community-static.tradeup.com/news/b3bf6d02ad1a6e9e7377eebbb162346a"},"summary":"HK CHINESE LTD (00655) has issued an announcement regarding the Singapore High Court General Division's ruling that awarded the bank total compensation of approximately S$17.7 million. 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