A-Power Energy Generation Systems, Ltd.(fka APWR)

[dingocub]

Looks like something just came out in HK Courts..

Wonder what A-Power and LU are trying to accomplish..
By not appearing...

Chairman of China's energy was wanted in contempt of court and jailed

Sing Tao Daily, Sing Tao Daily - 8 hours ago

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Chinese energy company A-Power Energy Generation Systems Ltd. Last April was delisted from the Nasdaq, has been chairman Lu JinXiang earlier creditor GE Transportation Co Ltd. Petition the High Court to sue, both during the period of the transaction's arbitration Liaoning Hi-Tech energy Group sold away, in violation of the decision to freeze the assets of arbitration and court orders, and a-power eventually also need to compensate $ 300 million. Lu now being sued in the High Court for contempt of court, but their absence.

The judge ruled that the defendant was established contempt of court and sentenced to three months' imprisonment, and the need for punitive damages, and the need to send an arrest warrant through the series.

Court reporter: Su Xiaoxin