China Shanshui Cement Secures Court Ruling to Combine Legal Actions Against Tianrui Group in Loan Dispute
Reuters
Sep 04
China Shanshui Cement Secures Court Ruling to Combine Legal Actions Against Tianrui Group in Loan Dispute
China Shanshui Cement Group Limited is currently involved in legal proceedings with Tianrui Group Company Limited. The dispute centers around claims for repayment of loans, referred to as the Alleged Loans. Tianrui Group initiated an action in the High Court of Hong Kong, identified as HCA 1013 of 2023, against China Shanshui Cement Group and its subsidiaries. The Court has dismissed Tianrui Group's attempt to strike out China Shanshui Cement's counterclaim. Furthermore, it has allowed the two cases, HCA 548 of 2019 and HCA 1013 of 2023, to be heard together or consecutively by the same judge. China Shanshui Cement Group plans to continue vigorously defending the claims and pursuing its counterclaims.
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