Core Viewpoint - Taihe Holdings (00718) announced a lawsuit claim against one of its subsidiaries, with significant financial implications stemming from a court ruling in China [1] Group 1: Legal Proceedings - Anyang Jiangchuan received an execution notice and a report on property order from the People's Court of Beiguan District, Anyang City, Henan Province regarding the lawsuit [1] - The court ruling mandates Anyang Jiangchuan to pay approximately RMB 3.9 million, which includes unpaid construction fees, default interest, and court costs [1] - The ruling also stipulates that Anyang Jiangchuan must report its financial status to the court, including details from the year prior to the execution notice [1] Group 2: Financial Implications - The total amount due includes accrued interest from January 24, 2013, until the payment date [1] - Failure to comply with the court's execution notice may result in additional consequences, such as being recorded in credit records and being listed as a dishonest debtor [1] - Anyang Jiangchuan is in discussions with the court and the previous construction service provider to negotiate feasible repayment options, including installment payments [1]
太和控股(00718)附属公司收到法院安阳建筑案执行通知书 涉资逾390万元