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Crown International Corporation Limited ( (HK:0727) ) just unveiled an update.
Crown International Corporation Limited has issued a clarification to its earlier business update regarding the liquidation status of its subsidiary Weihai Runhe. The company now states that it plans to seek withdrawal of the liquidation application, emphasizing that the liquidation has not been completed, no assets of Weihai Runhe have been disposed of, and that the process has not had a material adverse impact on the group’s financial position. The board will conduct an internal inquiry into the matter and issue further announcements if needed, while advising shareholders and potential investors to exercise caution in dealing in the company’s securities.
The most recent analyst rating on (HK:0727) stock is a Hold with a HK$1.00 price target. To see the full list of analyst forecasts on Crown International Corporation Limited stock, see the HK:0727 Stock Forecast page.
More about Crown International Corporation Limited
Crown International Corporation Limited is a Hong Kong-incorporated company listed on the Hong Kong Stock Exchange (stock code: 727). The board comprises two executive directors and three independent non-executive directors, reflecting a conventional listed-company governance structure, though the announcement does not specify its industry or principal business activities.
Average Trading Volume: 164,976
Technical Sentiment Signal: Sell
Current Market Cap: HK$286.2M
See more data about 0727 stock on TipRanks’ Stock Analysis page.