China Zenith Chemical Provides Liquidation Update as Trading Suspension Continues

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

China Zenith Chemical Group Limited, a chemical company incorporated in the Cayman Islands and continued in Bermuda, is currently in compulsory liquidation, with its affairs and assets managed by joint and several liquidators. The company’s directors’ powers have ceased following a winding-up order issued by the Hong Kong High Court in March 2025.

The liquidators are reviewing the company’s books and records to ascertain the status of its operations prior to liquidation and will provide further updates as needed. The company has changed its principal place of business in Hong Kong to new offices in Causeway Bay, while trading in its shares on the Hong Kong Stock Exchange remains suspended and will continue to be halted until further notice, leaving investors without a clear timetable for resumption.

The most recent analyst rating on (HK:0362) stock is a Hold with a HK$0.01 price target. To see the full list of analyst forecasts on Xinyang Maojian Group stock, see the HK:0362 Stock Forecast page.

More about Xinyang Maojian Group

China Zenith Chemical Group Limited is a chemical company incorporated in the Cayman Islands and continued in Bermuda, previously listed on the Hong Kong Stock Exchange. The group operated in the chemical sector in China, though its business is now under compulsory liquidation, with its affairs managed by court-appointed joint and several liquidators instead of its former board of directors.

Technical Sentiment Signal: Sell

Current Market Cap: HK$20.27M

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