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Goldin Financial-related companies are accused of breach of contract and sued by buyers after terminating the agreement after receiving 2 billion

2022-05-17T08:08:21.685Z


Goldin Financial, which has repeatedly reported financial difficulties and other negative news in recent years, two related companies reached an agreement with a buyer in February this year. The buyer purchased the Kowloon Bay Goldin Financial International Center for 14.3 billion yuan. limited credit


Goldin Financial, which has repeatedly reported financial difficulties and other negative news in recent years, two related companies reached an agreement with a buyer in February this year. The buyer purchased the Kowloon Bay Goldin Financial International Center for 14.3 billion yuan. The Glory Co., Ltd.

However, the buyer pointed out that Goldin's related company unilaterally terminated the agreement and confiscated the buyer's deposit of about 2 billion yuan.

The buyer filed a petition with the High Court yesterday (16th), asking the court to issue an order to enforce the agreement or the seller to refund the deposit.


Plaintiff Hundred Gain International Holding Limited, defendant Cheng Mei Holdings Limited and Goal Eagle Limited.

The complaint alleges that the plaintiff reached an agreement with the two defendants and the receiver of Ciyu Co., Ltd. in February this year to purchase Goldin Financial International Center by purchasing shares and loans of Ciyu Co., Ltd.

The price of the relevant agreement is 14.3 billion yuan, and the plaintiff needs to pay a deposit of 2.03 billion yuan first.

However, the defendant unilaterally terminated the agreement in April this year and forfeited the deposit.

The plaintiff alleges that the defendant's actions were improper and violated the agreement.

The defendant also planned to sell the property by auction in May this year.

The plaintiff asked the court to issue an order to enforce the agreement in question, and to prohibit the defendant from selling the property or granting shares to a third party, or refunding the deposit.

Case No.: HCA576/2022

Looking to close the building?

Aowen added two new cases of tarnishing big orders and big hands. Ke Ning lost 8.7 million deposits and abandoned the purchase and postponed the delivery for a year and a half. The construction of the Aowen site in Ho Mantin resumed. The guarantor was sued for 810 million yuan, and Aowen failed to deliver the building for the fourth time. Sales and Supervision Bureau: the buyer has the right to file a civil lawsuit

Source: hk1

All news articles on 2022-05-17

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