*ST Western Travel announced that the subsidiary Diebe County Zarona Health Real Estate Co., Ltd. recently received a “Civil Complaint” served by the Diebe County People's Court in Gansu Province. The case is in the prosecution stage, and the subsidiary is the defendant. The plaintiff requested payment of $39.949 million for the project, $3.3684 million in interest on overdue payments, and $1,8303 million in liquidated damages for the progress of the project, and claimed priority compensation for the construction project price. There is uncertainty about the impact of this lawsuit on the company's current profit or after-period profit.
Zhitongcaijing · 2d ago
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*ST Western Travel announced that the subsidiary Diebe County Zarona Health Real Estate Co., Ltd. recently received a “Civil Complaint” served by the Diebe County People's Court in Gansu Province. The case is in the prosecution stage, and the subsidiary is the defendant. The plaintiff requested payment of $39.949 million for the project, $3.3684 million in interest on overdue payments, and $1,8303 million in liquidated damages for the progress of the project, and claimed priority compensation for the construction project price. There is uncertainty about the impact of this lawsuit on the company's current profit or after-period profit.
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