ST Huayang announced that the company's holding Sun Company Banner Digital and its Xi'an branch were sued by Tiankai Media Co., Ltd. in a contractual dispute. The principal amount involved was 6.952 million yuan and overdue liquidated damages of 3.9755 million yuan, totaling 10.8811 million yuan. As of the date of publication of the announcement, the company added 3 new lawsuits and arbitrations in the past 12 months, involving an amount of 11.6.091 million yuan, accounting for 20.67% of the latest audited net assets. Due to the fact that some cases have not been heard and there are no valid rulings, the impact on the company's profits is currently uncertain.
Zhitongcaijing · 2d ago
Share
Listen to the news
ST Huayang announced that the company's holding Sun Company Banner Digital and its Xi'an branch were sued by Tiankai Media Co., Ltd. in a contractual dispute. The principal amount involved was 6.952 million yuan and overdue liquidated damages of 3.9755 million yuan, totaling 10.8811 million yuan. As of the date of publication of the announcement, the company added 3 new lawsuits and arbitrations in the past 12 months, involving an amount of 11.6.091 million yuan, accounting for 20.67% of the latest audited net assets. Due to the fact that some cases have not been heard and there are no valid rulings, the impact on the company's profits is currently uncertain.
Disclaimer:Webull uses external vendor Google Translation Service for news translations where we endeavour to ensure these are correct, however, we recommend that you please double-check this information accordingly. Webull is not responsible for translation errors or issues.
What's Trending