Huatong Cable announced that the company and its wholly-owned subsidiary Hanil Electric Engineer Co., Ltd. filed a lawsuit with the Ontario Provincial Court of Canada regarding a contract dispute with 2,218,200 Ontario Inc. The amount involved was approximately RMB 245 million, accounting for 7.35% of the company's most recent audited net assets. The plaintiff claimed compensation from the defendant for the purchase price of CAD 459.24,900 and punitive damages of $5 million, totaling CAD 509.24,900, equivalent to RMB 245 million. Currently, the case has not been tried in court, and the impact on the company's current profit and after-period profit is uncertain.
Zhitongcaijing · 3d ago
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Huatong Cable announced that the company and its wholly-owned subsidiary Hanil Electric Engineer Co., Ltd. filed a lawsuit with the Ontario Provincial Court of Canada regarding a contract dispute with 2,218,200 Ontario Inc. The amount involved was approximately RMB 245 million, accounting for 7.35% of the company's most recent audited net assets. The plaintiff claimed compensation from the defendant for the purchase price of CAD 459.24,900 and punitive damages of $5 million, totaling CAD 509.24,900, equivalent to RMB 245 million. Currently, the case has not been tried in court, and the impact on the company's current profit and after-period profit is uncertain.
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