China Merchants Bank (HKG:3968, SHA:600036) filed a lawsuit against Orient Group (SHA:600811) at China's Harbin Intermediate People's Court to pursue debt amounting to 1.09 billion yuan, according to a Tuesday disclosure on the Shanghai Stock Exchange.
The debt is part of a credit agreement signed by Orient on Dec. 27, 2022.
The lender is also seeking that the conglomerate will pay an overdue interest, estimated to be at a 4.95% rate from Sept. 21.
Orient's shares slumped less than 10% in recent trade.
Price (HKD): $29.05, Change: $-0.100, Percent Change: -0.34%
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。