In an exchange filing, the Shenzhen-based developer announced that it had received notification from the relevant authorities in China regarding the implementation of mandatory measures on Hui, its subsidiary. The specific nature of these measures was not disclosed in the filing.
This development is significant for the company as it could potentially have an impact on its operations and financial prospects. Hui is an important subsidiary for the Shenzhen-based developer, and any mandatory measures imposed on it could affect its ability to conduct business smoothly. Further details regarding the nature and duration of these mandatory measures are awaited, and the company is expected to provide updates as more information becomes available.
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