Crown International Announces Change of Receivers and Stake Sale Status

The latest announcement is out from Crown International Corporation Limited ( (HK:0727) ).

Crown International Corporation Limited announced a change in receivers, with Mr. Tai Shaw Hoong and Mr. Kenny Li being appointed as the new joint and several receivers and managers over the company’s relevant shares, replacing the previous receivers from Alvarez & Marsal Asia Limited. The new receivers are not actively seeking potential buyers for the company’s controlling stake, and no imminent offer is expected for the charged shares. As a result, the possible mandatory general offer will not be reopened at this time, although the company will make further announcements if the situation changes.

More about Crown International Corporation Limited

Crown International Corporation Limited is a company incorporated in Hong Kong with limited liability. It is listed on the Hong Kong Stock Exchange under the stock code 727. The company is involved in various business activities, although specific industry details are not provided in the announcement.

YTD Price Performance: -61.11%

Average Trading Volume: 618,314

Technical Sentiment Signal: Strong Buy

Current Market Cap: HK$222.6M

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