Wuchan Zhongda subsidiary settles 235m yuan litigation

Wuchan Zhongda Group announced its subsidiary Zhejiang Zhongda Yuandong Financial Leasing has settled litigation against Shenzhen Nanfang Tongzheng Investment and Hainan Haiyao Real Estate Development through second-instance court mediation.

Under the settlement terms, Nanfang Tongzheng must pay 183.78 million yuan by December 31, 2025, comprising 147.68 million yuan in principal and 36.11 million yuan in interest. An initial 50 million yuan cash payment is due within five days of the agreement.