China Vanadium Titano-Magnetite Mining Co., Ltd. (HK:0893) has released an update.
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China Vanadium Titano-Magnetite Mining Co., Ltd. has announced that litigation has been initiated by ICBC against its former indirect subsidiary, Xiushuihe Mining, due to a previous corporate guarantee provided by the company. Despite this, the company does not expect a material impact on its business operations or financial position, apart from potential additional administrative expenses. Shareholders and potential investors are cautioned to be prudent when dealing with the company’s shares.
For further insights into HK:0893 stock, check out TipRanks’ Stock Analysis page.
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