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Chuang’s China Investments Limited ( (HK:0298) ) has provided an update.
Chuang’s China Investments has issued a voluntary announcement addressing defamatory articles circulating on mainland Chinese social media about the company, its chairman Alan Chuang, director Albert Chuang and the wider group. The board condemns the posts as malicious, stating they largely recycle claims from past civil lawsuits in the PRC brought by shareholder Zhou Chang Chun that courts have dismissed or that she later withdrew.
The company reiterates that, apart from its co-investment in the Changsha Group property project, neither the group nor its directors have made other investments with the PRC shareholders and that it has complied with all regulatory, financial and tax obligations related to that venture. Management emphasizes that previous legal actions by Zhou over control and operation of the Changsha property subsidiary were unfounded, and alleges she used documents of doubtful authenticity, framing the current online campaign as a continuation of long-running shareholder disputes rather than a reflection of operational or compliance problems.
The most recent analyst rating on (HK:0298) stock is a Sell with a HK$0.10 price target. To see the full list of analyst forecasts on Chuang’s China Investments Limited stock, see the HK:0298 Stock Forecast page.
More about Chuang’s China Investments Limited
Chuang’s China Investments Limited is a Hong Kong-listed investment holding company with interests in property development and related businesses in mainland China. Through subsidiaries such as the Changsha-based Hunan Han Ye Real Estate Development Company Limited, the group focuses on developing and selling real estate projects in the People’s Republic of China, with a significant majority stake in the Changsha Group venture.
Average Trading Volume: 438,640
Technical Sentiment Signal: Strong Sell
Current Market Cap: HK$255.8M
See more data about 0298 stock on TipRanks’ Stock Analysis page.