Economic Observation Network On July 8th, Yufu Corporation announced a settlement of 8.8 million yuan for shareholder lawsuits and the acquisition of equity in its subsidiary after hours. Subsequently, the stock price fluctuated, and the event had a dual impact.
On July 8th, a post market announcement was made that the subsidiary's shareholder lawsuit was settled and 30% of its equity was acquired for a "package" of 8.8 million yuan, which is lower than the compensation amount of 11.465 million yuan and interest in the first instance judgment, and completely resolved the dispute
Event impact:
The settlement agreement itself is a clear benefit: it eliminates a significant potential liability (initially claimed 35.28 million yuan) at a lower than expected cost and achieves full control of the subsidiary
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