China Shuifa Singyes Energy Holdings Ltd., a Bermuda-incorporated company, recently announced an award of compensation in an arbitration case. The announcement was made to keep shareholders and potential investors informed about the latest developments concerning the company. Water Development (HK) Holding Co., Limited, which holds approximately 66.92% of the company's issued share capital, is identified as a controlling shareholder. Strong Eagle holds approximately 8.01% of the issued share capital, with ownership distributed among several individuals. The board of China Shuifa Singyes Energy Holdings Ltd. has stated its commitment to safeguarding the legitimate rights and interests of the company and its shareholders. The arbitration award relates to a deed of indemnity involving former major shareholders who have agreed to indemnify the company and its current controlling shareholder against certain losses.
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