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Century Sunshine Group Holdings Limited ( (HK:0509) ) has shared an update.
Century Sunshine Group Holdings Limited announced that the Donghai County People’s Court’s auctions of Longteng Company’s land use and serpentine mining rights were unsuccessful, leading to the acceptance of a bankruptcy liquidation application by a creditor. The Group is exploring solutions to improve liquidity, including disposing of non-core assets, and the current situation does not significantly impact its other operations. Trading of the company’s shares remains suspended until compliance with resumption guidance.
More about Century Sunshine Group Holdings Limited
Century Sunshine Group Holdings Limited operates in the mining industry, focusing on the production and sales of serpentine, which is primarily used as metallurgical flux for iron and steel smelting. However, this is not a core business for the Group.
Technical Sentiment Signal: Sell
Current Market Cap: HK$19.47M
Learn more about 0509 stock on TipRanks’ Stock Analysis page.