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The final chapter of the litigation battle between the two state-owned enterprises in Nanjing: Soho Holly Corporation's compensation is determined, with profits expected to decrease by over 30 million in 2024.|Quick read announcement.
① The judgment of the second instance (final judgment) of the lawsuit between Soho Holly Corporation and Nanjing Business & Tourism Corp., Ltd. is to reject the appeal and uphold the original ruling, with the former paying the latter 22.122 million yuan in goods payment and penalty; ② Both parties are state-owned enterprises and located relatively close to each other, but the litigation dispute has been prolonged, originating from a contract fraud committed by Soho Holly Corporation employees; ③ Soho Holly Corporation stated that this matter will impact the company's profit and loss for the year 2024, with the estimated amount being approximately 30.17 million yuan.
soho holly corporation (600128.SH): received various government subsidies totaling approximately 7.2962 million yuan.
Gelonghui, December 9丨soho holly corporation (600128.SH) announced that recently, the company and its controlled subsidiaries received government subsidies totaling approximately 7.2962 million yuan.
Concerns Surrounding Soho Holly's (SHSE:600128) Performance
Soho Hongye 2024 Third Quarter Report
Civil Court Rules Termination of Soho Holly Subsidiary's Reorganization Procedure
soho holly corporation (600128.SH): Subsidiary restructuring process comes to an end
George 22nd october| soho holly corporation (600128.SH) announced that the company had previously disclosed the relevant matters of bankruptcy reorganization of its wholly-owned subsidiary Nantong Holly Import and Export Co., ltd. (referred to as "Nantong Holly") and the intermediate people's court of Nantong City, jiangsu province ruling on the approval of its reorganization plan. For details of the above matters, please refer to the company's announcements on March 5, 2022 and July 30, 2022 respectively, titled "Announcement of Bankruptcy Reorganization of Subsidiaries of Jiangsu Holly Corporation Limited" (No. 2022-004) " Announcement of the Court's Approval of the Reorganization Plan of Subsidiaries by Jiangsu Holly Corporation Limited" (No.