China Aerospace International Holdings Limited (HK:0031) has released an update.
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China Aerospace International Holdings Limited’s subsidiary, CASIL Semiconductor, is embroiled in an arbitration case initiated by Metro (Suzhou) Technologies over quality disputes in two Master Supply Agreements. The claims against CASIL Semiconductor include compensation for substantial financial losses and legal fees, though the impact on the company’s financial position remains unclear as proceedings are in their initial stages. Investors are advised to exercise caution amid these developments.
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