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An announcement from China SCE Group Holdings ( (HK:1966) ) is now available.
China SCE Group Holdings Limited announced that a liquidation application has been filed against its wholly-owned subsidiary, Affluent Way International Limited, by Arkkan Opportunities Fund Ltd due to non-payment of principal and interest on senior notes. The company believes that the application does not reflect the interests of its stakeholders and plans to oppose it legally. Despite the filing, the company asserts that there will be no significant impact on its operations and is working on a comprehensive solution to ensure sustainable operations while engaging with offshore creditors.
More about China SCE Group Holdings
China SCE Group Holdings Limited is a company incorporated in the Cayman Islands, primarily involved in real estate development and investment. The company is listed on the Hong Kong Stock Exchange and focuses on providing residential and commercial properties.
Average Trading Volume: 1,074,940
Technical Sentiment Signal: Sell
Current Market Cap: HK$447.6M
Learn more about 1966 stock on TipRanks’ Stock Analysis page.