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China Evergrande Group Updates on Winding-Up Proceedings and Trading Suspension

Story Highlights
  • China Evergrande Group’s Transfer Unwind Application was approved by the Hong Kong Court.
  • Trading in Evergrande’s shares remains suspended since January 2024, advising caution for stakeholders.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
China Evergrande Group Updates on Winding-Up Proceedings and Trading Suspension

Elevate Your Investing Strategy:

China Evergrande Group ( (HK:3333) ) just unveiled an update.

China Evergrande Group announced an update on its winding-up proceedings, with the Hong Kong Court approving the Transfer Unwind Application, allowing the transfer of a share in CEG Holdings to Shengjian. The company’s shares remain suspended from trading since January 2024, and stakeholders are advised to exercise caution.

More about China Evergrande Group

China Evergrande Group is a prominent player in the real estate industry, primarily engaged in property development and management. The company has been a significant force in the Chinese market, focusing on large-scale residential and commercial projects.

Technical Sentiment Signal: Sell

Current Market Cap: HK$2.15B

See more data about 3333 stock on TipRanks’ Stock Analysis page.

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