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China High Speed Transmission Equipment Group Commences Legal Proceedings for Fund Misappropriation of RMB 6.64 Billion
HONG KONG, April 1, 2025 /PRNewswire/ -- The Board of Directors (the 'Board') of China High Speed Transmission Equipment Group Co., Ltd. (the 'Company', Stock Code: 0658.HK, together with its subsidiaries, the 'Group') today announced that its wholly-owned subsidiaries, Nanjing High Accurate Drive Equipment Manufacturing Group Co., Ltd. ('Nanjing Drive'), Nanjing Handa Import and Export Trade Co., Ltd. ('Nanjing Handa') and Nanjing Shengzhuang Supply Chain Co., Ltd. ('Nanjing Shengzhuang', together with Nanjing Drive and Nanjing Handa, the 'Relevant Subsidiaries'), issued a writ of summons (HCA 656/2025) in the High Court of Hong Kong on 31 March 2025.