ART GROUP HOLD (00565) Faces Lawsuit from MSC

Stock News

Sep 26

ART GROUP HOLD (00565) announced that the company received summons and statements of claim on June 25, 2025 and July 30, 2025 respectively from MSC Air Cargo SA (as plaintiff) (MSC), submitted to and issued by the High Court of the Hong Kong Special Administrative Region. The documents demand (among other things) payment of USD 2 million under an on-demand corporate guarantee issued by the company as guarantor to MSC, relating to liabilities under a cargo aircraft lease agreement between MSC and the company's subsidiary, Qiong Gang Ao Aviation Development Investment Limited (the litigation). The company will continue to consult legal advisors regarding the litigation and take appropriate action. Based on preliminary assessment and available information, as of the date of this announcement, the litigation has no material adverse impact on the group's overall business or daily operations, nor does it have a material impact on the group's financial position.

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The documents demand (among other things) payment of USD 2 million under an on-demand corporate guarantee issued by the company as guarantor to MSC, relating to liabilities under a cargo aircraft lease agreement between MSC and the company's subsidiary, Qiong Gang Ao Aviation Development Investment Limited (the litigation). The company will continue to consult legal advisors regarding the litigation and take appropriate action. Based on preliminary assessment and available information, as of the date of this announcement, the litigation has no material adverse impact on the group's overall business or daily operations, nor does it have a material impact on the group's financial position.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK1258","symbol_name":"房地产运营公司","start_time":0,"source_url":"","article_id":"1155474569","we_media_id":"1036600163","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1155474569","pubTimestamp":1758893321,"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":"ART GROUP HOLD (00565) announced that the company received summons and statements of claim on June 25, 2025 and July 30, 2025 respectively from MSC Air Cargo SA (as plaintiff) (MSC), submitted to and...","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK1258":"房地产运营公司","BK4575":"芯片概念","BK1229":"房地产经营公司","00565":"锦艺集团控股","BK4150":"赌场与赌博","MSC":"新濠影汇"},"translate_title":"ART GROUP HOLD(00565)面临MSC诉讼","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"00565":1,"MSC":1},"content_text":"ART GROUP HOLD (00565) announced that the company received summons and statements of claim on June 25, 2025 and July 30, 2025 respectively from MSC Air Cargo SA (as plaintiff) (MSC), submitted to and issued by the High Court of the Hong Kong Special Administrative Region. The documents demand (among other things) payment of USD 2 million under an on-demand corporate guarantee issued by the company as guarantor to MSC, relating to liabilities under a cargo aircraft lease agreement between MSC and the company's subsidiary, Qiong Gang Ao Aviation Development Investment Limited (the litigation). The company will continue to consult legal advisors regarding the litigation and take appropriate action. Based on preliminary assessment and available information, as of the date of this announcement, the litigation has no material adverse impact on the group's overall business or daily operations, nor does it have a material impact on the group's financial position.","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"}}}