Shandong Shengli Steel Pipe Co. Involved in Litigation, No Major Impact on Parent Company

Reuters

Aug 01, 2025

<a href="https://laohu8.com/S/000407">Shandong Shengli</a> Steel Pipe Co. Involved in Litigation, No Major Impact on Parent Company

Shengli Oil & Gas Pipe Holdings Ltd. has announced a litigation involving its subsidiary, Shandong Shengli Steel Pipe Co., Ltd., as well as Zhejiang Shengguan Industrial Co., Ltd., which is 98% directly held by Shandong Shengli. The legal action, initiated by Gansu Keyao, also involves Hangzhou Hanyue New Energy Co., Ltd. The case was heard by the People's Court of Huangpu District of Shanghai Municipality, which issued a civil judgment on April 9, 2025. Despite the legal proceedings, Shengli Oil & Gas Pipe Holdings Ltd. reassures its shareholders and potential investors that the litigation and subsequent judgment are not expected to have a material adverse effect on the group's overall business operations. The company remains committed to keeping stakeholders informed of any significant developments.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Shengli Oil & Gas Pipe Holdings Ltd. published the original content used to generate this news brief on August 01, 2025, and is solely responsible for the information contained therein.

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.

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Involved in Litigation, No Major Impact on Parent Company","media":"Reuters","content":"<html xmlns=\"http://www.w3.org/1999/xhtml\" xmlns:newsg2=\"http://iptc.org/std/nar/2006-10-01/\" xmlns:xhtml=\"http://www.w3.org/1999/xhtml\"><head><title>\n      <a href=\"https://laohu8.com/S/000407\">Shandong Shengli</a> Steel Pipe Co. Involved in Litigation, No Major Impact on Parent Company\n    </title></head><body><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<p>\n        Shengli Oil &amp; Gas Pipe Holdings Ltd. has announced a litigation involving its subsidiary, Shandong Shengli Steel Pipe Co., Ltd., as well as Zhejiang Shengguan Industrial Co., Ltd., which is 98% directly held by Shandong Shengli. The legal action, initiated by Gansu Keyao, also involves Hangzhou Hanyue New Energy Co., Ltd. The case was heard by the People's Court of Huangpu District of Shanghai Municipality, which issued a civil judgment on April 9, 2025. 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Involved in Litigation, No Major Impact on Parent Company\n    </title></head><body><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<p>\n        Shengli Oil &amp; Gas Pipe Holdings Ltd. has announced a litigation involving its subsidiary, Shandong Shengli Steel Pipe Co., Ltd., as well as Zhejiang Shengguan Industrial Co., Ltd., which is 98% directly held by Shandong Shengli. The legal action, initiated by Gansu Keyao, also involves Hangzhou Hanyue New Energy Co., Ltd. The case was heard by the People's Court of Huangpu District of Shanghai Municipality, which issued a civil judgment on April 9, 2025. Despite the legal proceedings, Shengli Oil &amp; Gas Pipe Holdings Ltd. reassures its shareholders and potential investors that the litigation and subsequent judgment are not expected to have a material adverse effect on the group's overall business operations. 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