CITIC Securities: Subsidiary CITIC Securities South China Co., Ltd. is involved in a lawsuit with an amount of RMB 1,828,200.
China Securities announced that its subsidiary, CITIC Securities South China Co., Ltd., is involved in a lawsuit with an amount of RMB 1.8282 million. The plaintiffs are 11 investors including Wu Caiquan, and the defendants are 37 relevant legal entities or individuals including Dongxu Optoelectronic Technology Co., Ltd. This case is a dispute caused by a related project undertaken by Guangzhou Securities before the acquisition by the company. Potential losses related to this case have been fully considered before the settlement, and will not have a significant impact on the company's current or future profits.
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