Qinhuangdao Port Faces Ongoing Litigation Over Contract and Maritime Disputes

Reuters11-12
<a href="https://laohu8.com/S/601326">Qinhuangdao Port</a> Faces Ongoing Litigation Over Contract and Maritime Disputes

Qinhuangdao Port Co. Ltd. has provided an update on several ongoing litigations and arbitrations involving the company and its subsidiaries. In one case, the company received a Notice of Responding to Action from the Tianjin High People's Court, following an appeal by Jiangxi Copper against previous court rulings. Other cases include an import and export agency contract dispute with Shaanxi Blower (Group) Co., Ltd., where the delivery of copper concentrate is in question and the hearing is to be resumed by the Tianjin Maritime Court. Additionally, Qinhuangdao Port Co. Ltd. and its affiliates were defendants in admiralty and maritime disputes raised by China National Chemical Fiber Corp. over compensation for loss of goods and related costs, with one of these lawsuits having been dismissed and concluded. The company has stated it will continue to disclose updates on these proceedings as required by law and has advised investors to be aware of potential investment risks.

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