Man Sang International (HK:0938) has released an update.
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Man Sang International Limited is currently involved in legal proceedings for the recovery of an outstanding loan amount, including related interest and expenses, from Chongqing Kingstone and related parties. The company reported a court-directed mediation attempt and is optimistic about reaching a favorable settlement, which could lead to more advantageous loan terms. Shareholders have been advised to exercise caution when dealing with the company’s securities, and they will be updated on any significant developments.
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