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EVERG SERVICES Once Soars 31%; GZ Court Orders EVERGRANDE to Repay EVERG SERVICES RMB13.4B
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EVERGRANDE (03333.HK) has been ordered to repay EVERG SERVICES (06666.HK) RMB13.4 billion plus interest losses. This morning (13th), EVERG SERVICES once surged by 31% to peak at $0.93. It last printed at $0.83, up 16.9%, on a volume of 108 million shares, involving $92.9283 million. EVERG SERVICES announced that the Guangzhou Intermediate People’s Court of Guangdong Province has ruled on the lawsuit regarding the group's deposits pledge of around RMB13.4 billion being forcibly executed by the relevant bank. EVERGRANDE is required to repay a total of RMB13.4 billion plus interest losses within 10 days from the date on which the judgment becomes legally effective. In addition, the responsible parties must bear the court handling fee of approximately RMB72.54 million. The statement added that the judgment is still subject to appeal. There remains significant uncertainty regarding the group's recovery of the aforementioned funds, and the litigation is not expected to have a major impact on daily business operations. AAStocks Financial News |
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