Man Sang Int'l (00938.HK) stated that a legal hearing was held yesterday (27th) regarding the claim filed against its subsidiary, Chongqing Huanghai Stone. During the hearing, the court considered the claims made by all parties and ordered that a judgment will be made on another date determined by the court.
As of yesterday, the court has not made any judgments on the legal dispute, and the parties involved can continue to try to reach a settlement through friendly negotiations. Chongqing Huanghai Stone will continue to actively negotiate with its lenders to resolve the dispute in a friendly manner and revise the loan agreement terms.