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6 stories mentioning SGX:BEHUpdated just now

Every FINWIRES story that references SGX:BEH, newest first.

Asia

China International's Units Facing Joint Liability in Second Chinese Court Ruling

Two subsidiaries of China International (SGX:BEH), CIHL (Tainjin) City Development and Yichang Zhongjia Xinye Asset Management, received first instance judgment from a Chinese court, ordering them to bear joint and several liability for debts owed to Beijing Annaige Decoration Engineering.The court has ordered CIHL liable for up to 11 million yuan and Yichang Zhongjia liable for up to 739,074 yuan for obligations arising from unpaid debts to Yichang Zeyou Real Estate Development.

SGX:BEH
Asia

China International Withdraws Lawsuit Against Beijing Contractor

China International (SGX:BEH) has decided to withdraw a debt recovery lawsuit in China against Beijing Kaiyuan Wanjia Management Consulting, according to an after-market filing with the Singapore Exchange on Thursday.The company's subsidiary, CIHL (Tianjin) City Development, had filed the suit against Beijing Kaiyuan to recover outstanding debts of around 47.3 million.At a court hearing on May 9 at the Beijing Daxing District People's Court, the company was asked to bring additional evidence.However, following legal counsel, the company has concluded the legal costs to be substantial and will consume a lot of time and energy.Therefore, the engineering construction company has opted to withdraw the case and will instead, reassess its creditor rights against the contractor and could pursue claims through other legal means.

SGX:BEH
Asia

China International Expecting Claim Judgement by July

China International (SGX:BEH) is expecting a judgement over a claim by Hubei Yuanda Construction by July, according to a Thursday bourse filing.The Yichang Yilling District Court in China held a hearing on June 3, with the company's legal counsel objecting Hubei Yuanda's claims and presented counter-evidence as defense.

SGX:BEH
Asia

China International Suffers Legal Setback Over Construction Debt

China International's (SGX:BEH) subsidiaries, Group, namely CIHL (Tianjin) City Development and Yichang Zhongjia Xinye Asset Management, received a first-instance judgment from the Yilin District Court of Yichang City, according to a Tuesday bourse filing.Based on the hearing, the two companies have been ordered to bear joint liability for debts owed to Hunan Construction Engineering of up to 11 million yuan and 739,074 yuan respectively.The company had already made provisions in its accounts and added that there will be no impact on its financial performance due to the verdict.

SGX:BEH
Asia

China International's Attributable Loss Widens in Q1

China International's (SGX:BEH) attributable loss to owners widened to 878,000 yuan in the first quarter from 556,000 yuan a year earlier, according to a Tuesday filing with the Singapore Exchange.Loss per share stood at 0.0112 yuan compared with 0.0071 yuan in the year-ago period.Revenue dropped year on year to 19 million yuan from 21 million yuan.

SGX:BEH
Asia

China International Units Await Legal Judgment

The Yichang Yiling District Court adjourned and scheduled to render its judgement regarding a case involving China International (SGX:BEH) subsidiaries, CIHL (Tianjin) City Development and Yichang Zhongjia Xinye Asset Management, within one month.The subsidiaries appeared as defendants in the legal proceedings which were commenced by Hunan Construction Engineering, according to a Monday filing with the Singapore Exchange.The legal proceedings were commenced by Hunan Construction Engineering Group, creditor of Yichang Zeyou Real Estate Development, and it sought an outstanding amount of 7.3 million yuan owed by a third party named Yichang Zeyou.

SGX:BEH

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