casinodaysnodepositbonus| Jiangsu Hongmao: The Third Construction Company of China Construction Third Engineering Bureau filed a claim of 16 million yuan for the suspension of projects in 2017

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Jiangsu Hongmao warehousing Co., Ltd. was claimed by the third Construction Company of the third Bureau of China Construction because of the dispute over the construction contract.CasinodaysnodepositbonusInvolving 15.9 million yuan in construction costs and related interest Baldor International Development intends to defend the claim.

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Jiangsu Hongmao is subject to arbitration application Baode International Development fully defends] Jiangsu Hongmao, a subsidiary of Baode International Development (00372), recently received an arbitration application for a construction contract dispute in a liquid chemical storage and logistics project suspended in 2017 by the third Construction Engineering Co., Ltd of the third Bureau of China Construction Construction.

The third Construction Company of the third Bureau of China Construction made a number of claims in the arbitration application.CasinodaysnodepositbonusIncluding requiring Jiangsu Hongmao to pay 1590 of the construction costCasinodaysnodepositbonus.140,000 RMB, pay 24.CasinodaysnodepositbonusThe progress payment interest of RMB 120,000 shall be calculated to the actual repayment date. In addition, the third Construction Company of the third Bureau of China Construction also requires priority to receive compensation for the evaluation or auction price of the project within the scope of unpaid construction costs, as well as requiring Jiangsu Hongmao to pay legal fees and other costs related to arbitration.

After receiving the notice of arbitration, Baldor International Development has consulted the Chinese legal adviser. According to the consultant's opinion, the company believes that the defense is sufficient, Jiangsu Hongmao will strongly defend in order to safeguard its legal rights and interests.