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Shirble Department Store Faces Subsidiary Loan Repayment Ruling
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Shirble Department Store Faces Subsidiary Loan Repayment Ruling

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Shirble Department Store Holdings (China) Ltd. ( (HK:0312) ) just unveiled an update.

Shirble Department Store Holdings announced a court ruling regarding a repayment default by its subsidiary, Zhuhai Xiangyao Real Estate Development Company Limited. The court confirmed the subsidiary’s obligation to repay approximately RMB254 million in principal and additional interest to the bank. Despite this financial obligation, Shirble assures that the enforcement of this judgment will not materially impact its department store operations. However, stakeholders are advised to exercise caution when trading the company’s shares.

More about Shirble Department Store Holdings (China) Ltd.

Shirble Department Store Holdings (China) Ltd. operates in the retail industry, focusing on department stores within China. The company is known for its department store business and is incorporated in the Cayman Islands with limited liability.

YTD Price Performance: -12.50%

Average Trading Volume: 656,782

Technical Sentiment Consensus Rating: Buy

Current Market Cap: HK$87.31M

Find detailed analytics on 0312 stock on TipRanks’ Stock Analysis page.

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