China Shanshui Cement wins injunction in ongoing dispute

China Shanshui Cement wins injunction in ongoing dispute
13 April 2017

Shanshui Cement has obtained an injunction from a Hong Kong court that prevents former executives from removing assets worth up to CNY142m (US$20.6m) from Hong Kong and posing as directors or officers company, Reuters reports.

China Shanshui said on Monday that current executives had been attacked with pepper spray, smoke bombs and water guns and held for two hours by associates of a former official when they had tried to retake control of company property in China.

In a filing, the firm disclosed that former deputy general manager, Mi Jingtian, and his associates had illegally occupied the Jinan facility.

The company later announced that some of its employees had been detained in China due to alleged criminal conduct, although it was not clear if the charges related to the clashes at the company facility in Jinan.

An employee at the facility told Reuters on Monday that there had been a confrontation, but that Mi had "acted lawfully".

The injunction will remain in force until a hearing on 21 April.

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