HK CHINESE LTD: The level of compensation that the joint venture company must pay will not have a significant adverse impact on the group's asset value, financial condition, or performance
I'm PortAI, I can summarize articles.
HK CHINESE LTD announced that the Singapore High Court ruled that its affiliated company must pay approximately SGD 17.7 million in compensation to the bank, as the bank incurred losses when issuing loans to clients. The company's board of directors stated that this level of compensation will not have a significant adverse impact on the group's asset value, financial condition, or performance, and the actual impact is subject to auditor review
Log in to access the full 0 words article for free
Due to copyright restrictions, please log in to view.
Thank you for supporting legitimate content.
Source: Zhitong The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.
Post your comment
No Comments