Claim 70% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
An update from Beijing Jingcheng Machinery Electric Co Ltd Class H ( (HK:0187) ) is now available.
Beijing Jingcheng Machinery Electric Company Limited announced that its subsidiary Beijing Tianhai Cryogenic Equipment Co., Ltd., which is subject to a creditor-initiated liquidation process, has received a court decision appointing East & Concord Partners (Beijing) as the manager in the insolvency proceedings. The Beijing No. 1 Intermediate People’s Court, in accordance with China’s Enterprise Insolvency Law and relevant judicial provisions, selected the firm by lot and designated Suo Shiyu as the person in charge, granting the manager broad powers over Tianhai Cryogenic’s assets, operations, financial review, litigation representation and the convening of creditors’ meetings. This appointment formalizes oversight of the subsidiary’s liquidation case, clarifies governance and procedural responsibilities during insolvency, and marks a key step in the judicial process that will shape outcomes for creditors and potentially impact the parent company’s asset recovery and restructuring options.
More about Beijing Jingcheng Machinery Electric Co Ltd Class H
Beijing Jingcheng Machinery Electric Company Limited is a Chinese industrial company listed in Hong Kong, operating through subsidiaries such as Beijing Tianhai Cryogenic Equipment Co., Ltd., which is engaged in cryogenic equipment and related machinery businesses. The group serves industrial and technological customers in the People’s Republic of China and abroad, with a focus on equipment manufacturing and mechanical-electric solutions.
Average Trading Volume: 3,526,998
Technical Sentiment Signal: Buy
Current Market Cap: HK$6.65B
See more insights into 0187 stock on TipRanks’ Stock Analysis page.