US: Taishan Gypsum Company Limited, which is a 65% held subsidiary of China National Building Materials' (CNBM) 45.2%-owned subsidiary Beijing New Building Material Public Limited Company (BNBM), has refused to participate in a Judgment Debtor Examination in the United States District Court of Louisiana.
Taishan Gypsum has been ordered to pay US$15,000 in attorney's fees, US$40,000 as a penalty for contempt and has been banned from conducting any business in the US as Taishan Gypsum or via its affiliates or subsidiaries until or unless it participates in the judicial process. If it violates the injunction, it will pay a further penalty of 25% of the profits earned for the year of violation.
