PT intl dev (00372.HK): PT OBOR initiates legal proceedings against Zhu Bin.

Grainews October 10th | PT intl dev (00372.HK) announced that on October 3, 2024, PT OBOR Financial Holdings Limited (PT OBOR) (the subscriber of the subscription) initiated legal proceedings against Mr. Zhu Bin (the sole legal and beneficial owner of Qianyang before the completion of the subscription and the guarantor under the subscription agreement), citing (including) deception/fraudulent misrepresentation and breach of guarantee. PT OBOR made the following claims against Mr. Zhu: (1) a subscription agreement has been terminated.

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