Shanghai Realway Capital Faces Legal Dispute Amid Allegations

TipRanksDec 3 05:38 ET

Realway Capital (01835.HK) received a court-issued summons.

Gelonghui December 3rd | Realway Capital (01835.HK) announced that the Board of Directors recently learned that the company, its subsidiary Shanghai Ruixiang Investment Management Co., Ltd., the executive director of the company, the chairman of the board of directors, the chief executive officer, and the company's controlling shareholder Mr. Zhu Ping received a "Notice of Action" and "Civil Complaint" from the People's Court of Shengsi County, Zhejiang Province, along with related litigation materials (Case No.: (2024) Zhe 0922 Min Chu 343). According to the "Civil Complaint", the People's Court of Shengsi County, Zhejiang Province, respectively accepted the case in June 2023 and August 2023 involving Shengsi Pengbo Real Estate Development Co., Ltd.

Gelonghui FinanceDec 3 05:28 ET

Express News | Shanghai Realway Capital Assets Management - Notice Issued by People's Court of Shengsi County, Zhejiang Province

ReutersDec 3 05:24 ET

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