*ST Lingnan announced that as of August 4, 2026, the total amount of undisclosed lawsuits and arbitration matters involving the company and its holding subsidiaries for 12 consecutive months was approximately $147 million, accounting for 10.87% of the absolute value of net assets attributable to the parent company in the latest phase of the audit. The company and its holding subsidiary were all involved as defendants and third parties. There were no major matters involving more than 10 million yuan and accounting for more than 10% of the cases. Some cases have not been heard or judgments have not taken effect, and the impact on profits is uncertain. The company will handle and disclose them according to regulations.
Zhitongcaijing · 1d ago
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*ST Lingnan announced that as of August 4, 2026, the total amount of undisclosed lawsuits and arbitration matters involving the company and its holding subsidiaries for 12 consecutive months was approximately $147 million, accounting for 10.87% of the absolute value of net assets attributable to the parent company in the latest phase of the audit. The company and its holding subsidiary were all involved as defendants and third parties. There were no major matters involving more than 10 million yuan and accounting for more than 10% of the cases. Some cases have not been heard or judgments have not taken effect, and the impact on profits is uncertain. The company will handle and disclose them according to regulations.
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