PT International Development Corporation Limited Announces Appeal Against Court Judgment in Finance Lease Litigation

Reuters

Aug 29

PT International Development Corporation Limited Announces Appeal Against Court Judgment in Finance Lease Litigation

PT International Development Corporation Limited has announced a development in its ongoing litigation concerning finance leases. On 28 August 2025, the company received a judgment from the Shanghai Pudong New Area People's Court related to three civil complaints filed by Lianwei against Guangming in July 2024. The court ordered Guangming to pay Lianwei the remaining rent for the remaining lease period for the oil tanks, totaling RMB52,800,000 for each of the three leases, plus a retention purchase price of RMB100 and legal costs, within 10 days of the judgment's effective date. However, the court dismissed all other claims by Lianwei, including those for default payments. PT International plans to appeal the judgment, and enforcement of the court's orders will be stayed pending the outcome of the appeal.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. PT International Development Corporation Limited published the original content used to generate this news brief on August 29, 2025, and is solely responsible for the information contained therein.

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PT International Development Corporation Limited published the original content used to generate this news brief on August 29, 2025, and is solely responsible for the information contained therein.</span></em>\n</div></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"00372","symbol_name":"保德国际发展","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250829:nNDL6jcl0z:1","article_id":"2563023685","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2563023685","pubTimestamp":1756470592,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"PT International Development Corporation Limited has announced a development in its ongoing litigation concerning finance leases. On 28 August 2025, the company received a judgment from the Shanghai Pudong New Area People's Court related to three civil complaints filed by Lianwei against Guangming in July 2024. The court ordered Guangming to pay Lianwei the remaining rent for the remaining lease period for the oil tanks, totaling RMB52,800,000 for each of the three leases, plus a retention purchase price of RMB100 and legal costs, within 10 days of the judgment's effective date. However, the court dismissed all other claims by Lianwei, including those for default payments. PT International plans to appeal the judgment, and enforcement of the court's orders will be stayed pending the outcome of the appeal.Disclaimer: This news brief was created by Public Technologies  using generative artificial intelligence. 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