China Evergrande Group (HK:3333) has released an update.
China Evergrande Group, currently in liquidation, announced that despite ongoing efforts by the liquidators to realize assets and return value to stakeholders, the company’s significant debt and limited resources hinder potential restructuring and trading resumption. The liquidators are open to new investors for restructuring opportunities, while trading of Evergrande’s shares remains suspended. Investors are advised to exercise caution in dealing with the company’s securities.
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