The company said in a stock market announcement that its unit Jiangsu Rongsheng Heavy Industries had on Thursday received a written notification from the Anhui Province Higher People’s Court that it has accepted the litigation proceedings it initiated against Anhui Province Property Rights Exchange for the return of its security deposit.
The security deposit of RMB630m ($102.6m) was placed for the acquisition of Anhui Province Property Rights Exchange, along with the relevant interest.
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