Shanghai Electric Wins Court Ruling in Loan Dispute, Set to Recover Over 215 Million Yuan

MT Newswires Live

Sep 09

Shanghai Electric Group (HKG:2727, SHA:601727) is set to recover approximately 215.4 million yuan following a second-instance court judgment in its long-running loan dispute with SINOMEC Engineering Group, according to Hong Kong and Shanghai bourse filings late Tuesday.

The litigation stems from a 1 billion yuan loan dispute where SINOMEC failed to fulfill its contractual repayment obligations. Shanghai Electric pursued legal action at the Shanghai Financial Court, leading to a ruling that ordered SINOMEC to clear its liabilities.

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Shanghai Electric pursued legal action at the Shanghai Financial Court, leading to a ruling that ordered SINOMEC to clear its liabilities.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK1546","symbol_name":"电力设备股","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2666301567","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2666301567","pubTimestamp":1788923226,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. 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