Summary by Moomoo AI
Pak Tak Int'l Limited ("Pak Tak Int'l") announced on November 8, 2024, that it received a civil judgment from the Intermediate People's Court of Shenzhen, Guangdong Province, involving a legal lawsuit filed by a bank. The lawsuit requires Pak Tak Int'l's subsidiary Shenzhen Jinsheng to repay RMB 279,000,000 of principal and approximately RMB 7,800,000 in interest to the bank, as well as pay default interest and compound interest. Pak Tak Int'l and some of its subsidiary companies, as guarantors, are jointly and severally liable for Shenzhen Jinsheng's debt. In addition, Shenzhen Jinsheng and its guarantors are required to pay approximately RMB 1,500,000 in acceptance fees and application fees for property preservation orders. Pak Tak Int'l stated that management is seeking a settlement with the bank and is negotiating the renewal of the loan contract and extension of the repayment period with the bank. The company will issue further announcements as appropriate. Shareholders and potential investors should act cautiously.