China Everbright (HK:0165) has released an update.
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China Everbright Limited is facing legal proceedings regarding an equity transfer dispute with Ying Li International Real Estate Limited. The High People’s Court of Chongqing Municipality has remanded the case for retrial, as the plaintiff claims disagreements over the consideration of equity transfers completed in 2018 and 2019. The plaintiff seeks restitution and compensation for alleged unpaid consideration and related losses.
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