China Vanadium Titano-Magnetite Mining Co., Ltd. (HK:0893) has released an update.
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China Vanadium Titano-Magnetite Mining Co., Ltd. has announced that litigation has been initiated by ICBC against its former indirect subsidiary, Xiushuihe Mining, due to a previous corporate guarantee provided by the company. Despite this, the company does not expect a material impact on its business operations or financial position, apart from potential additional administrative expenses. Shareholders and potential investors are cautioned to be prudent when dealing with the company’s shares.
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