Man Sang International (HK:0938) has released an update.
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Man Sang International Limited has announced a favorable court judgment requiring Chongqing Kingstone to repay a loan with outstanding interest and allowing the lender to enforce property mortgage rights. While the judgment is pending a potential appeal, the company is consulting with legal advisers and monitoring the situation, as well as continuing negotiations for an amicable settlement and loan agreement revisions. Shareholders and potential investors are urged to exercise caution when dealing in the company’s securities.
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