Qingfangcheng announced that its wholly-owned subsidiary, Shaoxing China Qingfangcheng International Logistics Center Co., Ltd., participated in the lawsuit as a third party and has received the first-instance civil judgment from Keqiao District Court. The judgment shows that the defendant, Shaoxing Bangqiu Future City Development and Construction Co., Ltd., should pay the plaintiff compensation of 371 million yuan plus corresponding interest.
Zhejiang China Light & Textile Industrial City Group Co LtdWholly-owned subsidiary received a first-instance judgment as a third party in a 371 million yuan lawsuit; the defendant is ordered to pay, so the subsidiary's own liability is unclear.
