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China Evergrande Group ( (HK:3333) ) just unveiled an update.
China Evergrande Group, currently in liquidation, has announced an update on its ongoing winding-up proceedings and the continued suspension of trading of its shares. The company is seeking court approval for the transfer of a share in CEG Holdings to Shengjian, a subsidiary, as part of a strategic move to address insolvency issues. This decision is aimed at avoiding further legal complications and is considered a more cost-effective approach for the creditors involved.
More about China Evergrande Group
Technical Sentiment Signal: Sell
Current Market Cap: HK$2.15B
Learn more about 3333 stock on TipRanks’ Stock Analysis page.