SNC Engine Group, Management Rights Dispute Lawsuit
[Asia Economy Reporter Park Jihwan] S&C Engine Group announced on the 23rd that a lawsuit regarding a provisional injunction against the issuance of new shares by the company has been filed by Permanent Mutual Limited.
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Accordingly, the execution or completion of the scheduled issuance of 35,373,563 common shares and 26,506,233 shares to Chan Kwok Wai, announced on the 16th, is prohibited.
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