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CR Construction Group Holdings Limited ( (HK:1582) ) just unveiled an announcement.
CR Construction Group Holdings Limited announced that its subsidiary, CR Construction, was served a winding-up petition due to an outstanding debt of HK$694,433 to a subcontractor. The company resolved the issue by reaching a settlement agreement, paying HK$650,000 to the subcontractor, who has since withdrawn the legal actions. The company expects no material adverse effect on its financial position or operations from this incident.
More about CR Construction Group Holdings Limited
CR Construction Group Holdings Limited is a construction company incorporated in the Cayman Islands, primarily engaged in construction projects in Hong Kong.
YTD Price Performance: -3.19%
Average Trading Volume: 74,444
Technical Sentiment Consensus Rating: Sell
Current Market Cap: HK$227.5M
For detailed information about 1582 stock, go to TipRanks’ Stock Analysis page.
