Asia Pacific Strategic Investments Unit Named Third Party in Administrative Complaint
Asia Pacific Strategic Investments' subsidiary, Huzhou Dixi Gengdu Ecological Agriculture Development, has been named a third party in an administrative complaint filed by Champ Crown International Investment against the Nanxun District government in Huzhou, Zhejiang Province. The plaintiff alleges breach of agreements related to an ecological project and seeks 95 million yuan in compensation. While the subsidiary is not a defendant, the proceedings may affect its legal rights and interests, as noted in a filing with the Singapore Exchange.
Asia Pacific Strategic Investments' subsidiary, Huzhou Dixi Gengdu Ecological Agriculture Development, was named a third party in an administrative complaint filed with a Chinese court, according to a Monday filing with the Singapore Exchange.
The plaintiff, Champ Crown International Investment, claims that the district government of Nanxun District in Huzhou, Zhejiang Province, breached certain agreements related to an ecological project and is seeking 95 million yuan as compensation.
The subsidiary is not a defendant in the proceedings, but the outcome of the proceedings could impact its legal rights and interests, the filing stated.
