Hainan Meilan International Airport Company (HK:0357) has released an update.
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Hainan Meilan International Airport Company Limited was ordered to pay approximately HK$298.8 million in damages and fees following an arbitration award for a contract breach related to a 2019 Subscription Agreement. The award, which includes interest at 8.875% per annum from the hand-down date until full payment, is not anticipated to materially impact the company’s operations. Shareholders and potential investors are cautioned to exercise care when dealing in the company’s securities.
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