Wider wisdom: receipt of the second payment made by the controlling shareholder and the controlling person under the letter of mediation 607
HolmesJerry
May 22
On 15 May 2023, the company received a second payment of $607.57 million from the Longbow on the basis of the letter of mediation. The company entered into a mediation agreement with the controlling shareholders, the effective controller, the Superintendent, who, on 20 February 2023, received a civil conciliation letter from the Shanghai Financial Court, in which he agreed to pay a total amount of $335 million in compensation paid by the company for the performance of its civil judgement and ...
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