*ST Lida announced that from the early disclosure to the date of the announcement, the total amount of new lawsuits and arbitration matters added by the company and its holding subsidiaries was $52.5911 million, accounting for 9.77% of the latest audited net assets. In the new case, the company sued the China Construction Third Bureau, Jiangsu Construction Engineering Group, etc. as the plaintiff, all of which are awaiting trial in the first instance. In addition, some of the many lawsuits and arbitration matters disclosed earlier will be prosecuted separately, some of which have already been decided, some are being tried, and some have applied to withdraw the appeal. Due to the fact that some cases have not been heard or decided, the impact on the company's profits is uncertain.
Zhitongcaijing · 2d ago
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*ST Lida announced that from the early disclosure to the date of the announcement, the total amount of new lawsuits and arbitration matters added by the company and its holding subsidiaries was $52.5911 million, accounting for 9.77% of the latest audited net assets. In the new case, the company sued the China Construction Third Bureau, Jiangsu Construction Engineering Group, etc. as the plaintiff, all of which are awaiting trial in the first instance. In addition, some of the many lawsuits and arbitration matters disclosed earlier will be prosecuted separately, some of which have already been decided, some are being tried, and some have applied to withdraw the appeal. Due to the fact that some cases have not been heard or decided, the impact on the company's profits is uncertain.
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