Nam Tai Property Inc. (NTPIF) has released an update.
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Nam Tai Property Inc. has been involved in ongoing litigation related to a voided securities purchase agreement from October 2020, with arbitration proceedings in Hong Kong. The company succeeded in dismissing a $146.9 million reimbursement claim and won a counterclaim for approximately $13 million in damages. Appeals and further hearings regarding these awards are currently in process with decisions expected no earlier than July 2024.
For further insights into NTPIF stock, check out TipRanks’ Stock Analysis page.
