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Why did Red Star give up the lawsuit against Ocean Shipping?
Why did Red Star give up the lawsuit against COSCO? It was because on May 27th, several companies in Chen Junyu, including Xing Kun Real Estate, finally reached an agreement with Red Star Macalline to offset the creditor's rights and debts. Many companies in Chen Junyu, including Xing Kun Real Estate, finally reached an agreement with Red Star Macalline to offset the creditor's rights and debts, and Red Star Macalline also filed an application to withdraw the lawsuit. Enterprise survey shows that Red Star Macalline withdrew from the list of shareholders of Xing Kun Real Estate on the same day.
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