HKG:0660

3 stories mentioning HKG:0660Updated 12d ago

Every FINWIRES story that references HKG:0660, newest first.

Hong Kong Court Orders Stay in Case Against Wai Chun, Wai Chun Bio-Technology

Wai Chun (HKG:1013) said the Hong Kong High Court ordered a stay on the proceedings of a lawsuit requiring the firm and unit Wai Chun Bio-Techn ology (HKG:0660) to pay HK$2.7 million plus interest and costs each to Island Sky.An appeal to present new findings was also dismissed, while future hearings have been cancelled, according to a Wednesday Hong Kong bourse filing.The ruling came after the parties reached an agreement in May, with Wai Chun and Wai Chun Bio-Technology agreeing to pay HK$4.2 million to settle the lawsuit.

HKG:0660HKG:1013

Asia39d ago

Wai Chun, Unit Settle Island Sky Property Dispute

Wai Chun (HKG:1013) and its subsidiary Wai Chun Bio-Technology (HKG:0660) agreed to pay HK$4.2 million to settle a lawsuit filed by Island Sky, the firms said in Hong Kong filings Thursday.Wai Chun shares fell over 14% in late morning trade Friday, while Wai Chun Bio-Technology declined 3%.The firms were previously ordered by the Hong Kong High Court to pay about HK$2.7 million plus interest each to settle claims brought by Island Sky.The penalty represented 50% of mesne profits, rent, and related charges for premises at Admiralty Centre covering the period from Sept. 16, 2022, to April 27, 2023.The firms said they filed a court summons asking the court to dismiss a planned appeal against the judgment and cancel upcoming hearings scheduled for June 11 and Aug. 15.

HKG:0660HKG:1013

Asia63d ago

Wai Chun Bio-Technology Eyes Energy Sector Shift with $50 Billion South Korea Deal

Wai Chun Bio-Technology (HKG:0660) said it signed a memorandum of understanding to develop new energy projects, including a pipeline of at least $50 billion in South Korea, according to a Monday Hong Kong bourse filing.The projects will cover wind and solar developments, with additional expansion planned across markets including Southeast Asia, Central Asia, North America, and the Middle East, the company said.Wai Chun said it will act as lead coordinator and controlling shareholder, partnering with central state-owned enterprises, multinational corporations and financial institutions.The company also proposed to change its name to Wai Chun Energy Group to reflect its planned expansion into the new energy sector.

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