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Shenzhen Bank Sues Shandong Helon for Dispute

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.

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