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Shanghai Chenghai Enterprise Development Co Ltd Receives Disciplinary


Friday, 23 Aug 2013 12:00pm EDT 

Shanghai Chenghai Enterprise Development Co Ltd announced that it has received a disciplinary notice from Shanghai Stock Exchange, with the freezing of the real estate and bank accounts of the Company. This is because Chairman of the Board and General Manager of the Company borrowed RMB 21.70 million with the Company providing guarantee and didn't repay on due day, the creditor filed to the court. 

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