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2013-10-23

Foshan Lawsuit Court Hearing Moved Back 6 Months

In the latest development of Foshan Electrical and Lighting Co., Ltd. (Foshan Lighting) investor lawsuit, the company has contested jurisdiction causing a six months postponement of the court hearing. In late Sept. this year, 515 investors filed compensation lawsuits against the company due to misrepresentation of company finances. The case’s first court hearing was scheduled for Oct. 22, 2013 at Guangzhou Intermediate People’s Court, China.
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