Shenzhen Bank Sues Shandong Helon for Dispute

(Corrects spelling of Shenzhen in headline)

Shenzhen Development Bank’s Qingdao branch sued Shandong Helon and its related companies on the dispute of loan contract, Shandong Helon said in a statement to Shenzhen Stock Exchange. The Shenzhen bank asks the court to freeze 102.3 million yuan deposits or equivalent value assets from those companies, the statement says.

To contact the reporter on this story: Anjali Cordeiro in Hong Kong at acordeiro2@bloomberg.net

To contact the editor responsible for this story: Stephanie Wong at swong139@bloomberg.net

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