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CR Construction Group Holdings Limited ( (HK:1582) ) has issued an announcement.
CR Construction Group Holdings Limited announced that the Hong Kong court has granted an order to terminate the winding-up order previously issued against its subsidiary CR Sea, meaning there is no longer any outstanding winding-up petition or order against the unit. The removal of this legal overhang reduces insolvency risk at the subsidiary level and helps stabilize the group’s operational and financial outlook, potentially improving confidence among creditors, clients and other stakeholders.
The most recent analyst rating on (HK:1582) stock is a Hold with a HK$0.39 price target. To see the full list of analyst forecasts on CR Construction Group Holdings Limited stock, see the HK:1582 Stock Forecast page.
More about CR Construction Group Holdings Limited
CR Construction Group Holdings Limited is a Hong Kong-listed construction group, with operations conducted through subsidiaries such as CR Sea, active in building and related contracting services in the region.
Average Trading Volume: 322,272
Technical Sentiment Signal: Sell
Current Market Cap: HK$170M
See more insights into 1582 stock on TipRanks’ Stock Analysis page.