Litigation Claim Against Tai United Holdings Subsidiary Jinzhou Jiachi Receives Enforcement Notice
Reuters
Jul 03
Litigation Claim Against Tai United Holdings Subsidiary Jinzhou Jiachi Receives Enforcement Notice
Tai United Holdings Limited has announced recent developments concerning its subsidiary, Jinzhou Jiachi. The company received an enforcement notice and a financial disclosure order from the Intermediate People's Court of Jinzhou Municipality, Liaoning Province. This pertains to a litigation claim involving a bank loan and guaranteed obligations. The company's legal advisors have indicated that the enforcement was sought by the Claimant Bank, and they are working to ensure that any judgment amount is not misallocated. Shareholders and investors have been advised to remain cautious when dealing with the company's securities.
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