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Shanghai International Arbitration Center Accepts Yonghui Superstores's Arbitration Application
Yonghui Superstores to File Arbitration Against Dalian Yujin Over 300 Million Yuan Debt
yonghui superstores pursue new progress in equity transfer payment recovery: arbitration application accepted, involving an amount exceeding 3.8 billion yuan|speed reading announcement
1. yonghui superstores requests Dalian Yujin to immediately pay the remaining equity transfer payment, accelerate the overdue penalty, and legal fees in this case, totaling 3.859 billion yuan; 2. In recent days, yonghui superstores has been in constant turmoil, with the company's stock price fluctuating greatly. From October 9th to 11th, three consecutive limit-downs have been recorded.
Yonghui Superstores (601933.SH): Received notice of acceptance of arbitration case from the Shanghai International Arbitration Center.
On October 13, GeLunHui announced that Yonghui Superstores (601933.SH) received a notice of acceptance from the Shanghai International Economic and Trade Arbitration Commission (referred to as 'Shanghai International Arbitration Commission' below), the main content of which is: The Shanghai International Arbitration Commission received the arbitration application and attachments submitted by the company on Yonghui Superstores, Dalian Yujin Trading Co., Ltd., Mr. Wang Jianlin, Mr. Sun Xishuang, and Dalian Yifang Group Co., Ltd. regarding the 'Share Transfer Agreement' and 'Supplementary Agreement' arbitration case, and decided to accept it on October 12, 2024. The court trial has not yet begun. It requests Dalian Yujin Trading Co., Ltd. ('Dalian Yujin') to immediately
yonghui superstores 3.8 billion follow-up payment Sun Xishuang Wang Jianlin implicated in it
① Yonghui Superstores pursues a payment of 3.8 billion from Sun Xishuang, with Wang Jianlin being implicated as a guarantor; ② "Yonghui applies for arbitration requesting Wang Jianlin and others to assume joint guarantee responsibility, which needs to be based on the contract and guarantee responsibility clauses. If the agreed conditions for fulfilling the guarantee obligation are met, and if an arbitration ruling requires Wang Jianlin and others to assume joint guarantee responsibility, then Wang Jianlin and others have a payment obligation to Yonghui."
yonghui superstores (601933.SH): The purchasing party Dalian Yujin failed to fulfill the payment obligation as agreed, and has issued a notice letter to Wang Jianlin and others.
yonghui superstores (601933.SH) announced that, according to the supplementary agreement of the transfer agreement signed between the company and Dalian Yujin...
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