Century Ginwa Retail Faces Litigation Appeal at Xi'an Court
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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.
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