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Express News | Tai United - RMB44.3 Mln Onshore Deposits of Jinzhou Jiachi and Guangzhou Rongzhi Withdrawn and Transferred to Accounts Maintained by Court in PRC
tai united hold (00718.HK): Jinzhou Jiachi and Guangzhou Rongzhi jointly approximately 38.3 million yuan of onshore deposits have been withdrawn and transferred to the account held by the Chinese court.
Tai United Hold (00718.HK) announced on October 29 that as of October 28, 2024, approximately RMB 38.3 million in onshore deposits from Jinzhou Jiachi and Guangzhou Rongzhi have been withdrawn and transferred to an account held by a Chinese court. As of the date of this announcement, Jinzhou Jiachi and Guangzhou Rongzhi have not received any other notices and/or documents related to the withdrawal and transfer of this deposit from any other Chinese court. Jinzhou Jiachi, Guangzhou Rongzhi, and their Chinese legal advisors are gathering information related to the withdrawal and transfer of this deposit and determining the reasons for the withdrawal and transfer.
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