China Bright Culture Group (HK:1859) has released an update.
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China Bright Culture Group announced it has received a statutory demand for a payment of RMB29,937,236.63 following an arbitral award, with a three-week deadline to meet the demand or face a winding-up petition. The company’s shares will continue to be suspended from trading on the Hong Kong Stock Exchange as it seeks legal advice and works to meet resumption conditions. Shareholders are advised to exercise caution when dealing with the company’s shares.
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