Baosheng Media Group Holdings Ltd (BAOS) has released an update.
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Baosheng Media Group Holdings Ltd faces a significant legal challenge as a petition has been filed for its liquidation on just and equitable grounds under the Cayman Islands Companies Act. The petition, presented by Orient Plus International Limited, seeks to appoint joint official liquidators, with a court hearing scheduled to address both the liquidation order and the appointment of the liquidators. The company has until May 24, 2024, to respond to the petition.
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