Huabao International Faces Arbitration Over Shanghai Yifang Deal

Huabao International Holdings (HK:0336) has released an update.

Huabao International Holdings is facing arbitration issues due to a breach by Qian Rong and Wong Kam Wing, who failed to fulfill their financial commitments in a share transfer agreement involving Shanghai Yifang. Huabao Flavours, a subsidiary, is seeking compensation and legal costs through the Shanghai International Arbitration Center. The outcome is uncertain, but the company believes their claims are justified and in shareholders’ best interests.

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