[Long Ming Green Energy] Supplementary announcement regarding the settlement contract with Hong Sheng Construction Co., Ltd. at the Arbitration Association of the Republic of China as requested by the stock exchange
AI Summary (NQ-processed)
Long Ming Green Energy Technology Engineering Co., Ltd. and Hong Sheng Construction Co., Ltd. have reached a settlement at the Arbitration Association of the Republic of China regarding a contract dispute related to the Taoyuan International Airport MRT system project. Long Ming will pay NT$55 million to retrieve two performance guarantee bank drafts totaling NT$194.94 million.
AI Analysis
Frequently Asked Questions
Q: Who are the parties to this settlement?
A: Long Ming Green Energy Technology Engineering Co., Ltd. and Hong Sheng Construction Co., Ltd.
Q: What is the settlement amount?
A: Long Ming pays NT$55 million to retrieve drafts worth NT$194.94 million.
Q: When was the settlement reached?
A: It was executed on June 4, 2026 at the Arbitration Association of the ROC.
Q: What impact does this have on the company?
A: No material impact on financials or operations.
Q: What is the next step?
A: By July 20, 2026, retrieve the drafts and cancel dishonored check records.