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China Zenith Chemical Faces Continued Suspension and Delisting Risk as Liquidators Review Operations

Story Highlights
  • Joint liquidators are reviewing China Zenith Chemical’s records to assess its pre-liquidation operations.
  • The company must satisfy strict resumption conditions by September 2026 or risk delisting, with trading still suspended.
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China Zenith Chemical Faces Continued Suspension and Delisting Risk as Liquidators Review Operations

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Xinyang Maojian Group ( (HK:0362) ) has issued an update.

China Zenith Chemical Group Limited, a Hong Kong-listed chemical manufacturer now in compulsory liquidation, is under the control of joint and several liquidators who are still assessing the state of its business by examining available books and records, with further operational updates to be announced when necessary. The company has received resumption guidance from the Stock Exchange requiring withdrawal or dismissal of the winding-up order, discharge of the liquidators, demonstration of compliance with listing requirements, disclosure of all material information, and publication of all outstanding financial results with audit issues addressed; if these conditions are not met and trading does not resume by 16 September 2026, the Stock Exchange may proceed to cancel the company’s listing, and trading in its shares remains suspended until further notice.

More about Xinyang Maojian Group

China Zenith Chemical Group Limited is a chemical manufacturing company incorporated in the Cayman Islands and continued in Bermuda with limited liability, listed on the Hong Kong Stock Exchange. The group operates through various subsidiaries and is currently in compulsory liquidation, with court-appointed joint and several liquidators overseeing its affairs and reviewing its books and records to determine the status of its business operations prior to liquidation.

Technical Sentiment Signal: Sell

Current Market Cap: HK$20.27M

See more data about 0362 stock on TipRanks’ Stock Analysis page.

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