Cambricon Technologies Corp Says Former Exec Raises Incentive Claim To 27.8 Billion Yuan
Cambricon Technologies Corp Ltd SSE:688256 stated that a former executive has raised an equity incentive claim to 27.8 billion Chinese yuan.
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Cambricon: Former exec raises equity incentive claim in dispute to 27.8 bln yuan
Cambricon Technologies Corp Ltd said a former executive raised a claim in a labor dispute lawsuit over equity incentive losses to 27.8 billion yuan ($4.15 billion) from 4.3 billion yuan, adding the amount is a unilateral assertion and does not reflect a final court ruling.