Century Ginwa Retail Faces Litigation Appeal at Xi'an Court
Century Ginwa Retail Holdings Ltd. is currently involved in litigation concerning a project managed by a subsidiary. The Project Company has filed an appeal with the Xi’an Intermediate People’s Court, seeking a retrial or a change in the dismissal of claims by the Purchaser, who is also requested to bear litigation costs. The company does not expect significant adverse effects on its operations or financial position and plans to use any liquidated damages for working capital. Shareholders are advised to exercise caution with the company's shares.
Century Ginwa Retail Holdings Ltd. has announced it is involved in ongoing litigation related to a project managed by one of its subsidiaries. The Project Company has filed a civil appeal with the Xi’an Intermediate People’s Court, seeking either a retrial or a change in the previous decision to dismiss all claims made by the Purchaser. The Project Company is also requesting that the Purchaser bear the litigation costs for both the first and second trials. Century Ginwa Retail Holdings stated that the case is not expected to have a significant adverse impact on the Group’s ongoing operations or financial position. The company plans to use any liquidated damages as additional working capital and to support the continued development of the project. Shareholders and potential investors are advised to exercise caution when dealing in the company’s shares. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Century Ginwa Retail Holdings Ltd. published the original content used to generate this news brief on October 22, 2025, and is solely responsible for the information contained therein. © Copyright 2025 - Public Technologies (PUBT) Original Document: here
