Carpenter Tan Battles Unjust Court Ruling Over Jiangsu Property Dispute

Reuters01-09

<a href="https://laohu8.com/S/00837">Carpenter Tan</a> Battles Unjust Court Ruling Over Jiangsu Property Dispute

Carpenter Tan Holdings Limited has provided an update on ongoing litigation related to a property in Jurong, Jiangsu, that the company purchased from Suzhou Jianxing Real Estate Co., Ltd. in 2013 for RMB33,556,320. Despite full payment and taking possession of the property, Carpenter Tan has not obtained the relevant ownership title documents due to the developer’s failure to discharge the mortgage and settle outstanding taxes and fees. The developer has since become insolvent, and the likelihood of recovering the full value is minimal. The company has exhausted standard legal appeals in the PRC but maintains that the final court ruling is unjust. Carpenter Tan is currently evaluating further legal options, including filing an appeal with the procuratorate or submitting a petition to the Supreme People’s Court, to protect its interests and those of its shareholders.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Carpenter Tan Holdings Limited published the original content used to generate this news brief via IIS, the Issuer Information Service operated by the Hong Kong Stock Exchange (HKex) (Ref. ID: HKEX-EPS-20260109-11985657), on January 09, 2026, and is solely responsible for the information contained therein.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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Despite full payment and taking possession of the property, Carpenter Tan has not obtained the relevant ownership title documents due to the developer’s failure to discharge the mortgage and settle outstanding taxes and fees. The developer has since become insolvent, and the likelihood of recovering the full value is minimal. The company has exhausted standard legal appeals in the PRC but maintains that the final court ruling is unjust. Carpenter Tan is currently evaluating further legal options, including filing an appeal with the procuratorate or submitting a petition to the Supreme People’s Court, to protect its interests and those of its shareholders.\n      \n\n\nDisclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. 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