That may not be in favor of not optimistic NVC receive full compensation

NVC claims on behalf of NVC (Wu Changjiang Chinese) signed a number of pledge and guarantee agreement and the company is China for Wu and other persons within the territory of China to take legal action for a company, according to the announcement, the court ordered a Chinese Court on the litigation, some assets have been frozen by the defendant.

The company believes that the value of frozen assets of about 1 billion yuan. However, the freezing of assets is subject to the other third party claims, and there seems to be such a claim about 700 million 3 yuan in the claim may enjoy priority to claim compensation for the Chinese NVC rights. So even if China NVC wins, it may not be fully compensated. The company believes that the claims may take years to resolve. In addition to the above proceedings, the company is also considering whether it is possible to take other legal action in order to protect their own interests.

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