Landrich Holding Ltd., a company incorporated in the Cayman Islands and listed on the Hong Kong Stock Exchange, has announced that its indirect wholly-owned subsidiary, Time Concept Construction Limited, has received a writ of summons from Nam Kwong Engineering Limited. The litigation pertains to a claim of approximately HK$24.7 million, related to a sub-contract agreement dated August 2023. Time Concept disputes the claim and is actively seeking legal counsel to defend its position. Shareholders and potential investors are advised to exercise caution when dealing in the company's securities as the situation develops. Further announcements will be made as significant developments occur.
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.