Greentown Service Group Co. Ltd. (HK:2869) has released an update.
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Greentown Service Group Co. Ltd., a Cayman Islands incorporated company, has reached a settlement in its legal proceedings, according to an announcement referencing prior company statements. The settlement agreement involves a payment by Greentown Consulting, a subsidiary of the group, which should not impact the group’s financial stability or operations as provisions for the legal proceedings were already accounted for in the 2023 fiscal year. Shareholders and potential investors are advised to exercise caution when dealing with the company’s shares.
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