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CR Construction Group Resolves Legal Dispute with Subsidiary

Story Highlights
  • CR Construction received a court order to withdraw a winding-up petition against its subsidiary.
  • The legal resolution may reduce uncertainties for CR Construction and its stakeholders.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
CR Construction Group Resolves Legal Dispute with Subsidiary

Confident Investing Starts Here:

CR Construction Group Holdings Limited ( (HK:1582) ) has issued an announcement.

CR Construction Group Holdings Limited, a company involved in construction and operating in the Hong Kong market, announced that it received a High Court order for the withdrawal of a winding-up petition against one of its subsidiaries. This legal development, dated February 10, 2025, effectively nullifies the hearing initially set for March 26, 2025, potentially alleviating financial and operational uncertainties for the company and its stakeholders.

More about CR Construction Group Holdings Limited

YTD Price Performance: -4.26%

Average Trading Volume: 82,250

Technical Sentiment Consensus Rating: Hold

Current Market Cap: HK$225M

For a thorough assessment of 1582 stock, go to TipRanks’ Stock Analysis page.

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