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China Evergrande Appoints Liquidators Amid Ongoing Trading Suspension

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China Evergrande Appoints Liquidators Amid Ongoing Trading Suspension

Elevate Your Investing Strategy:

China Evergrande Group ( (HK:3333) ) has provided an announcement.

China Evergrande Group announced the appointment of joint and several liquidators to its subsidiary, CEG Holdings, following a winding-up order by the Hong Kong Court. This development is part of the ongoing liquidation process of the company, which has led to the continued suspension of trading in its shares since January 2024. Stakeholders are advised to exercise caution, and those with relevant information are encouraged to assist in the investigation and asset realization efforts.

More about China Evergrande Group

China Evergrande Group is a prominent real estate company incorporated in the Cayman Islands, primarily focused on property development and management. The company operates within the real estate industry, with a significant market presence in China.

Technical Sentiment Signal: Sell

Current Market Cap: HK$2.15B

Learn more about 3333 stock on TipRanks’ Stock Analysis page.

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