Minsheng Banking Sues Wuhan Centre for Unpaid Debts: China

1/21/2023

BEIJING BRANCH RECEIVED ACCEPTANCE OF LAWSUIT FILED AGAINST WUHAN CENTRE BUILDING DEVELOPMENT INVESTMENT, AMONG OTHERS

• LAWSUIT DUE TO DISPUTE OVER FINANCIAL LOAN AGREEMENT

• WUHAN CENTRE CO, WUHAN CBD CO, FAILED TO FULFILL THEIR OBLIGATION OF REPAYMENT IN ACCORDANCE WITH AGREEMENT

• LITIGATION WILL NOT HAVE MATERIAL ADVERSE IMPACT ON NORMAL OPERATION OF BANK

• UNDER CLAIMS OF LITIGATION, TO ORDER WUHAN CENTRE TO REPAY PLAINTIFF LOAN IN PRINCIPAL OF RMB3.97 BILLION

• PLAINTIFF CLAIMS WUHAN CBD TO REPAY PLAINTIFF LOAN PRINCIPAL OF RMB3.05 BILLION Further company coverage.

Note:

Source ( Market )

© CopyRights RawNews1st