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 )
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