Guangdong Kelon Electrical Holdings and its subsidiaries said it faced 91 claimants seeking damages of US$71.5 million, the South China Morning Post reported. Hisense Electric, who plans to buy a 26.43% stake in the company, will now likely insist on a lower price. GKEH's chairman Gu Chujun is currently being held in detention on suspicion of large-scale embezzlement. The company said the claims could reduce its annual profits by US$2.2 million this year.