Ruihe Construction faces litigation totaling CNY28.15m
Shenzhen Ruihe Construction Decoration (SZSE:002620) has disclosed its cumulative litigation and arbitration status for the past twelve months, revealing 28 cases with a total value of approximately ¥28.15 million. This figure represents about 11.91% of the company's latest audited net assets. While there is one individual case exceeding ¥10 million, the company clarified that most individual cases remain under ¥10 million and do not exceed 10% of net assets. The announcement notes uncertainty regarding the impact on current and future profits due to ongoing legal processes, with the company pledging to handle accounting treatments and disclosures in accordance with regulations.
This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com
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