Wisdom Wealth Resources Investment Holding Group Limited (HK:0007) has released an update.
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Wisdom Wealth Resources Investment Holding Group Limited is embroiled in legal battles over construction disputes related to their Zhanjiang smart city project. The company is appealing a court ruling requiring them to pay RMB138 million to Shenzhen Zhongwan Construction Engineering Company, while a separate dispute over a performance bond was settled through mediation for RMB1.015 million. These legal proceedings are not expected to significantly impact the company’s financial position.
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