*ST Meizhi announced that the lawsuit brought by the company over a contract dispute with China Railway Construction Engineering Group Co., Ltd. recently received a first instance ruling from the Guangzhou Railway Transport Court: the defendant had to pay the company 6.426,500 yuan for goods and overdue payment losses, plus 10,000 yuan in lawyers' fees and 9,693 yuan in preservation insurance premiums. The total amount decided in the first instance was 6.5894 million yuan. This lawsuit is a first instance judgment. There is still uncertainty about whether the parties will appeal, and there is also uncertainty about the impact on the company's profits.
Zhitongcaijing · 3d ago
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*ST Meizhi announced that the lawsuit brought by the company over a contract dispute with China Railway Construction Engineering Group Co., Ltd. recently received a first instance ruling from the Guangzhou Railway Transport Court: the defendant had to pay the company 6.426,500 yuan for goods and overdue payment losses, plus 10,000 yuan in lawyers' fees and 9,693 yuan in preservation insurance premiums. The total amount decided in the first instance was 6.5894 million yuan. This lawsuit is a first instance judgment. There is still uncertainty about whether the parties will appeal, and there is also uncertainty about the impact on the company's profits.
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