Chuang's China Investments Ltd. Announces Debt Assignment Agreement Update in Chengdu Project Dispute

Reuters

Sep 09

Chuang's China Investments Ltd. Announces Debt Assignment Agreement Update in Chengdu Project Dispute

Chuang's China Investments Ltd. has disclosed an update regarding its transaction involving the assignment of debt related to the Chengdu Project. Initially, the Group entered a joint development agreement with a PRC Party in September 2007, with profit-sharing terms of 51% and 49% respectively. However, due to non-performance issues by the PRC Party, the Group won a claim in 2013 at the Chengdu Intermediate Court. Despite discussions in 2016 regarding the disposal of the development interest, no agreement was reached. The update involves the Group's ongoing evaluation of its legal rights and procedures to unwind its investment in the project. The company announced that the Assignors will assist the Assignee in handling changes in execution applicant and related litigation and enforcement procedures resulting from the assignment.

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. Chuang's China Investments Ltd. published the original content used to generate this news brief on September 09, 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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Announces Debt Assignment Agreement Update in Chengdu Project Dispute","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      Chuang's China Investments Ltd. Announces Debt Assignment Agreement Update in Chengdu Project Dispute\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        Chuang's China Investments Ltd. has disclosed an update regarding its transaction involving the assignment of debt related to the Chengdu Project. Initially, the Group entered a joint development agreement with a PRC Party in September 2007, with profit-sharing terms of 51% and 49% respectively. However, due to non-performance issues by the PRC Party, the Group won a claim in 2013 at the Chengdu Intermediate Court. 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Announces Debt Assignment Agreement Update in Chengdu Project Dispute\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1032215980\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2025-09-09 16:54</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<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      Chuang's China Investments Ltd. 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