GPTY: Involved in a contract dispute with suppliers, the real estate of its wholly-owned subsidiary has been subject to provisional seizure
36Kr learned that GPTY announced that its wholly-owned subsidiary Xuzhou Titanium Dioxide Chemical Co., Ltd. has had its property provisionally seized due to a contract dispute with a supplier. The net book value of the involved property is 146 million yuan, accounting for 10.45% of the company's audited net assets for the year 2024. This provisional seizure is mainly due to the contract dispute between Xuzhou Titanium Dioxide and the supplier, who has taken litigation preservation measures, with the total amount in dispute being 12.8537 million yuan
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