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The latest announcement is out from Rongta Technology (Xiamen) Group Co. Ltd. Class H ( (HK:9881) ).
Rongta Technology is currently involved in a legal dispute regarding alleged infringement of trade secrets, with a civil complaint filed against the company and its executives. The Intermediate Court has ruled to transfer the case to the Fujian Provincial High People’s Court due to the increased claim amount exceeding RMB200 million. Despite the significant claim, the company believes that the ruling will not materially impact its business or financial condition, as the plaintiff has not provided sufficient evidence to support the new compensation claim.
More about Rongta Technology (Xiamen) Group Co. Ltd. Class H
Rongta Technology (Xiamen) Group Co., Ltd. is a joint stock company based in the People’s Republic of China. The company operates in the technology sector, focusing on the development and sale of products related to technical and trade secrets.
Average Trading Volume: 132,197
Technical Sentiment Signal: Strong Buy
Current Market Cap: HK$1.06B
For an in-depth examination of 9881 stock, go to TipRanks’ Overview page.