New City Development Group Limited (HK:0456) has released an update.
Don't Miss Our Christmas Offers:
- Discover the latest stocks recommended by top Wall Street analysts, all in one place with Analyst Top Stocks
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
New City Development Group Limited faces a legal setback as its subsidiaries’ appeal against a RMB 57.90 million breach of contract ruling was dismissed by a PRC court. The company, which is currently considering seeking a re-trial, assures shareholders that the court decisions do not materially impact its financial health or operations. Shareholders are cautioned to be prudent in their dealings with the company’s securities.
For further insights into HK:0456 stock, check out TipRanks’ Stock Analysis page.