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中铝国际(02068.HK):六冶对鑫旺公司提起诉讼

China Alcoa International (02068.HK): Liuye filed a lawsuit against Xinwang Company

Gelonghui Finance ·  May 9, 2023 20:00

Glonghui, May 9 丨 China Alcoa International (02068.HK) announced that in May 2011, Liuye, a wholly-owned subsidiary of the company, signed a construction contract with Xinwang Company. It was agreed that Xinwang Company would contract the project involving the Dalat flag case in Ordos to Liuye for construction. Liuye and Xinwang Company have agreed on matters such as the scope and content of the project contract, the method of pricing the project payment, payment period, quality standards, and project acceptance and settlement. After the contract was signed, Liuye entered construction in 2011/8. In 2013, Xinwang Company was unable to pay Liuye's project progress payments according to the contract agreement. Liuye was forced to stop construction in 2014/3 and exit in 2014/12. The construction projects for Liuye Construction have been delivered to Xinwang Company and were put into operation one after another in September 2013. Xinwang Company is still in arrears of RMB 80,992,299.18 for the Liuye project. Liuye has repeatedly urged settlement and collection of project payments to no avail.

Since Xinwang Company breached the contract during the execution of the above contract, Liuye filed a lawsuit with the Ordos Intermediate People's Court located in Ordos City, Inner Mongolia Autonomous Region. Liuye has already paid the litigation fees in this case. Liuye filed a civil complaint with the Ordos Intermediate People's Court of Inner Mongolia Autonomous Region over the construction contract dispute between Liuye and Xinwang Company. The main contents of the lawsuit are as follows: (1) The lawsuit was determined according to law that Xinwang Company paid RMB 80,992,299.18 for the Liuye project; (2) the law determined that Xinwang Company paid Liuye interest on overdue payments, calculated from 2016/6/7 until the date of payment of the arrears. The provisional calculation until July 20, 2022 is RMB 22,383,380.92; the above total RMB is RMB 22,383,380.92; the above total RMB 103,375,680.10 yuan.

The translation is provided by third-party software.


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