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ClouDr Group Limited Terminates Transactions and Pursues Legal Action

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ClouDr Group Limited Terminates Transactions and Pursues Legal Action

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The latest announcement is out from ClouDr Group Limited ( (HK:9955) ).

ClouDr Group Limited announced the termination of certain discloseable transactions due to a breach of contract by Ms. Zhu, who failed to fulfill her payment obligations. The company has entered into a new agreement for the disposal of assets and is pursuing legal action to seek compensation for the breach, which contributed to a significant net loss during the reporting period.

The most recent analyst rating on (HK:9955) stock is a Sell with a HK$1.50 price target. To see the full list of analyst forecasts on ClouDr Group Limited stock, see the HK:9955 Stock Forecast page.

More about ClouDr Group Limited

ClouDr Group Limited is a company focused on the AI-driven P2M (Person-to-Machine) industry. The company is undergoing a strategic transformation to concentrate on its core business, which involves leveraging artificial intelligence to enhance its service offerings.

Average Trading Volume: 2,358,898

Technical Sentiment Signal: Sell

Current Market Cap: HK$836.5M

For an in-depth examination of 9955 stock, go to TipRanks’ Overview page.

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