Xiamen Letter amounted to 5 cases of 4 cases in arrears of payment

Xiamen Xinda (000701) recently announced 5 companies involved in the lawsuit, of which 1 for the subsidiary in arrears to the project, 4 for each other arrears of money, the larger amount of the recent case of the holding subsidiary of Hisense Danone International trade to sue Guangxi Zhongshan County Gold Smelting Co., Ltd.　　Letter Danone asked the other party to return the payment 19.0331 million yuan.　　Letter Danone and gold smelting company May 19, 2010 signed the "Purchase and sale contract", the letter Danone to Jinny Smelting company to purchase tin Ingots 181 (10%) tons, and agreed that the gold smelting company should be between May 20, 2010 to August 20, 2010 to the plaintiff to pay the above-mentioned "purchase and sale contract" under the goods. After the signing of the contract, the letter Danoyyo to Jinny smelting company paid the "Purchase and sale contract" under the advance of 26 million yuan. Since then, because the gold smelting company failed in the "Purchase and sale contract" agreed within the time to deliver goods to the plaintiff, after consultation between the two sides, the letter Danone and gold Smelting Company signed the Supplemental Agreement on August 25, 2010, change the original "Purchase and sale contract" under the goods and quantity. Since then, although the letter Danone repeatedly urged, gold smelting company expressed inability to fulfill the supplementary contract under the obligations of delivery,　　In addition to the return of 3.9669 million yuan to the letter Danone on August 25, 2010 and the delivery of 20 tons of tin ingots worth 3 million yuan to the plaintiff on October 25, 2010, neither delivered the goods to the letter Danone nor returned the Danone to the letter to return the remaining interim advance of 19.0331 million yuan, and thus caused the plaintiff's economic loss. Letter Danone request the Court decree to terminate the sale and purchase contract, request the return of the principal payment of 19.0331 million yuan. Letter Danone on January 13, Xiamen City, Fujian Province received a notice of the case, the company said that it is not yet possible to predict the lawsuit on the current or period of profit caused by the potential impact.　　The company will actively take action to protect the interests of the company. October 2010, Xiamen Xinda launched 3 lawsuits to recover the payment, one of which is a holding subsidiary of Xiamen Xinda Optoelectronics Technology Co., Ltd. on Shenzhen Bako Optoelectronics Technology Co., Ltd. owed money to arbitration, the request for arbitration Bako photoelectric payment of 3.3885 million yuan and other compensation costs amounted to 3.5385 million yuan. Another 2 lawsuits for: Xiamen Xinda on the Xiamen Economic and Trade Co., Ltd. in arrears to the company's payment of the lawsuit, the requirements of Xiamen Economic and Trade Co., Ltd. to pay 475,000 Yuan and liquidated damages amounted to 641,200 yuan; Xiamen Xinda on the Shanghai Hao Years Technology Co. Storage fees and so on to bring a lawsuit, asking the other party to pay 2.8562 million yuan and related costs amounted to 2.9233 million yuan.　　None of the above 3 cases are adjudicated. In addition, October 2010 Fujian Forestry Engineering Company in Xiamen Xinda Holding subsidiary of Zhangzhou letter Danone Real Estate Development Co., Ltd. defaulted on the new project works, and requested the Danone company of Zhangzhou letter payment of the total amount of 2.7429 million yuan, the matter has not been sentencedSummary。 Xiamen letter reached 2010 years ago three quarter net profit of 44.1293 million yuan.