China High Speed Transmission Group Launches Legal Action Over $930m Fund Misappropriation
China High Speed Transmission Group Launches Legal Action Over $930m Fund Misappropriation

China High Speed Transmission Equipment Group announced on Tuesday, that its wholly-owned subsidiaries have initiated legal proceedings in the High Court of Hong Kong, seeking to recover approximately USD 929.6 million (RMB 6.64 billion) in misappropriated funds. The lawsuit, filed on March 31,...