Ying Li Says Chongqing Retrial Ruling Leaves It Unscathed Financially
I'm LongbridgeAI, I can summarize articles.Ying Li International Real Estate Limited announced that a Chongqing court's retrial judgment, ordering controlling shareholder China Everbright to pay RMB 1.37 billion to plaintiff Fang Ming, dismissed all claims for joint liability against Ying Li and its subsidiaries. Consequently, the company stated the ruling will not materially impact its financial position.
Ying Li International Real Estate Limited ( (SG:5DM) ) just unveiled an update.
Ying Li International Real Estate Limited has provided an update on long-running litigation in China involving its controlling shareholder China Everbright Limited and a plaintiff, Fang Ming. The case, heard in Chongqing courts and previously subject to appeal and remand, has now reached a retrial judgment that clarifies the financial responsibilities arising from a disputed sale transaction.
In the retrial judgment issued on 19 August 2026, the First Instance Court ordered China Everbright Limited to pay Fang Ming RMB 1.37 billion plus interest for outstanding consideration under the sale agreement. Crucially, the court dismissed all claims seeking joint and several liability from Ying Li and its subsidiaries, leading the company to conclude that the ruling will not have a material impact on its financial position, while it continues to monitor and disclose any future developments in the proceedings.
More about Ying Li International Real Estate Limited
Ying Li International Real Estate Limited, incorporated in Singapore, operates in the real estate sector with a focus on property development through its Chongqing-based subsidiaries in China. The group’s operations involve real estate projects and related commercial developments, positioning it within the Chinese urban property development market.
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