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 from the People's Court of Beiguan District, Anyang City, regarding the lawsuit mentioned in the announcement [1] - The execution notice indicates that the judgment has become effective, requiring Anyang Jiangchuan to pay approximately RMB 3.9 million, which includes unpaid construction fees, default interest, and court costs [1] - The report on property order mandates Anyang Jiangchuan to report its current financial status to the court, including the financial situation for the year prior to receiving the execution notice [1] Group 2: Compliance and Consequences - Failure to comply with the execution notice may result in additional consequences for Anyang Jiangchuan, such as being recorded in credit records and being listed as a dishonest person subject to enforcement [1] - Anyang Jiangchuan is in discussions with the court and the previous construction service provider to negotiate the execution details and feasible repayment methods, including installment payments and other arrangements [1]
太和控股附属公司收到法院安阳建筑案执行通知书 涉资逾390万元