ASEAN Security: Subsidiary involved in arbitration, involving more than one billion yuan.
The security announcement of AsiaInfo stated that its holding subsidiary AsiaInfo Technology's wholly-owned subsidiary AsiaInfo China is involved in a dispute over a "purchase contract" with Jilin Zhongqi Technology Co., Ltd., with the amount involved reaching 101 million yuan, including payments already made, contract price for refused purchases, overdue interest, and other costs. The case has been accepted but not yet been heard, and the impact on the company's current or future profits is uncertain. Preliminary assessment shows that the maximum risk exposure for AsiaInfo Technology in this arbitration is not more than 30.52 million yuan, and the maximum impact on the company's consolidated net profit attributable to shareholders is not more than 6.18 million yuan.
Latest

