Digital China Unit Prevails in First-Instance Technical Services Case, Appeals Sales Contract Judgment
Digital China's (HKG:0861) indirect subsidiary Digital China Information Service (SHE:000555) provided updates on two court cases involving its wholly owned unit, Digital China System Integration Services, according to a Sunday Hong Kong bourse filing.In one case, a court in Henan ordered Xuchang Yunzheng Smart City Construction and Operation, and Xuchang Investment Digital Economy Industrial to pay about 54.6 million yuan in contract payments, damages, and losses to Digital China System Integration Services.In a separate sales contract dispute, the Beijing Third Intermediate People's Court ordered Digital China System Integration Services to pay about 333.6 million yuan for goods, plus interest, to Beijing Urban Construction Intelligent Control Technology.The subsidiary has decided to appeal the ruling. The company said the judgment has not yet taken effect, and it is unable to assess the financial impact of the case until the appeal is resolved.
