Federal government ends all agreements related to owners of Xin Ding Xin Trade Co., Limited
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A Government representative stated today (August 20) that the Government had actually right away ended all agreements related to owners of Xin Ding Xin Trade Co., Limited (XDX).
Based upon the info gotten by the Government Logistics Department (GLD) on business operation of XDX previously, along with current enforcement actions versus XDX by federal government departments, the Government fairly thinks that XDX and business related to its owners (i.e. those sharing the exact same authorized workplace with XDX and have directors consisting of the director/shareholders of XDX) would no longer can carrying out the agreements. Following GLD’s termination of the agreement with XDX for supply of bottled drinking water to federal government workplaces and 3 other agreements for supply of chemicals related to its owners previously, the Financial Services and the Treasury Bureau has actually likewise without delay notified bureaux and departments to end all of their agreements with the stated business.
The Government representative stated today that the Government had actually right away ended all other agreements with those business. They consist of an agreement for the supply of chemicals granted by the Drainage Services Department (DSD) and an agreement for information entry services granted by the Fire Services Department (FSD), with an overall agreement worth of some $6 million and some $5 million respectively.
As relates to the GLD’s agreement with XDX for the supply of bottled drinking water to federal government workplaces, XDX has actually sent a deposit of about $1 million to the Government pursuant with agreement terms. The Government is entitled to subtract from the agreement deposit according to agreement terms to recuperate its losses occurring from agreement termination, and reserves all rights to do something about it versus XDX. The GLD will likewise continue to remain in complete co-operation with the examinations of police.
The GLD, DSD and FSD will continue to follow up seriously on the above agreements, consisting of thinking about to recuperate the Government’s losses from the pertinent business in accordance with agreement terms. Any unlawful activities recognized in the agreements will be described police for follow-up.