Ying Li International Real Estate (SGX:5DM) won a 503.8 million yuan arbitration award against Shengyu (BVI) in a dispute handled by the China Chongqing Arbitration Commission, according to a Friday filing on the Singapore Stock Exchange.
The tribunal ordered Shengyu to pay within 10 days, along with legal fees and partial arbitration costs. Ying Li is exploring enforcement options, including asset tracing and potential legal action against other defendants, amid Shengyu's financial difficulties.
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