New City Development Group Ordered to Pay RMB23.3 Million in Arbitration Award

Reuters

Jan 19

New City Development Group Ordered to Pay RMB23.3 Million in Arbitration Award

New City Development Group Ltd. has announced that its subsidiaries, Fudi International Holdings Limited, Luoyang Wanheng Real Estate Company Limited, and Kayuan Enterprise Investment Co. Limited, have been ordered by the Huizhou Arbitration Commission to pay damages of RMB 23,339,765.69 and arbitration costs of RMB 292,235. The ruling was issued in favor of Guangdong Changna Investment Development Company Limited, following a breach of a development and cooperation agreement related to rental arrangements at Changliu Industrial Park in Guangzhou. The company stated that the award does not have a material adverse impact on its current business operations and is seeking legal advice regarding the decision. Shareholders and potential investors are advised to exercise caution when dealing in the company's shares.

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. New City Development Group Ltd. published the original content used to generate this news brief via IIS, the Issuer Information Service operated by the Hong Kong Stock Exchange (HKex) (Ref. ID: HKEX-EPS-20260119-11995240), on January 19, 2026, 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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Limited, have been ordered by the Huizhou Arbitration Commission to pay damages of RMB 23,339,765.69 and arbitration costs of RMB 292,235. The ruling was issued in favor of Guangdong Changna Investment Development Company Limited, following a breach of a development and cooperation agreement related to rental arrangements at Changliu Industrial Park in Guangzhou. The company stated that the award does not have a material adverse impact on its current business operations and is seeking legal advice regarding the decision. Shareholders and potential investors are advised to exercise caution when dealing in the company's shares.\n      </p>\n</div><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<p>\n<i>Disclaimer: <span>This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. 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Limited, have been ordered by the Huizhou Arbitration Commission to pay damages of RMB 23,339,765.69 and arbitration costs of RMB 292,235. The ruling was issued in favor of Guangdong Changna Investment Development Company Limited, following a breach of a development and cooperation agreement related to rental arrangements at Changliu Industrial Park in Guangzhou. The company stated that the award does not have a material adverse impact on its current business operations and is seeking legal advice regarding the decision. Shareholders and potential investors are advised to exercise caution when dealing in the company's shares.\n      </p>\n</div><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<p>\n<i>Disclaimer: <span>This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. 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ID: HKEX-EPS-20260119-11995240), on January 19, 2026, and is solely responsible for the information contained therein.</span></i>\n</p>\n</div></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"00456","symbol_name":"新城市建设发展","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20260119:nNDL2LmCXd:1","article_id":"2604168131","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2604168131","pubTimestamp":1768833817,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"New City Development Group Ltd. has announced that its subsidiaries, Fudi International Holdings Limited, Luoyang Wanheng Real Estate Company Limited, and Kayuan Enterprise Investment Co. Limited, have been ordered by the Huizhou Arbitration Commission to pay damages of RMB 23,339,765.69 and arbitration costs of RMB 292,235. The ruling was issued in favor of Guangdong Changna Investment Development Company Limited, following a breach of a development and cooperation agreement related to rental arrangements at Changliu Industrial Park in Guangzhou. The company stated that the award does not have a material adverse impact on its current business operations and is seeking legal advice regarding the decision. 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The ruling was issued in favor of Guangdong Changna Investment Development Company Limited, following a breach of a development and cooperation agreement related to rental arrangements at Changliu Industrial Park in Guangzhou. The company stated that the award does not have a material adverse impact on its current business operations and is seeking legal advice regarding the decision. Shareholders and potential investors are advised to exercise caution when dealing in the company's shares.\n      \n\n\nDisclaimer: 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. 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