Core Viewpoint - Anhui Construction Group Co., Ltd. has initiated legal proceedings to recover overdue project payments, with two significant cases currently under review, totaling 964 million yuan [1][2]. Recent Legal Cases - The company has filed two major lawsuits, with a combined amount of 964 million yuan [1]. - The details of the cases are as follows: - Case 1: Anhui Construction Group vs. Huainan Hengwan Tourism Development Co., Ltd. regarding construction project disputes, with the case being handled by the Huainan Arbitration Committee [1]. - Case 2: Anhui Construction Water Conservancy vs. Tianchang Urban Development (Group) Co., Ltd. regarding construction project disputes, with the case being handled by the Chuzhou Intermediate People's Court [1]. Impact on Financials - The company is currently unable to determine the impact of these lawsuits on its current or future profits due to the ongoing nature of the cases [1][2]. - The legal actions are aimed at enhancing the collection of receivables and protecting the company's legal rights [1].
安徽建工: 安徽建工关于公司及子公司涉及诉讼、仲裁的公告