Crown International Moves Weihai Property Unit into Court-Supervised Liquidation to Protect Assets

Crown International Corporation Limited ( (HK:0727) ) just unveiled an announcement.

Crown International Corporation Limited has clarified the status of its flagship property development in Weihai, Shandong, where three high-rise towers are being built to house 1,400 serviced apartments and 200 luxury hotel suites and rooms. The company disclosed that its local project entity, Weihai Runhe, has been placed under an officially appointed liquidation committee following a creditor-protection move initiated by its representatives, who sought court-supervised liquidation to preserve the under-construction assets, pause creditor actions and create room to negotiate better realisation values to settle overdue obligations, highlighting both financial strain at the project level and an attempt to safeguard asset value and maintain operational control despite the proceedings.

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 Stock Exchange of Hong Kong that has invested in property development in mainland China. Its current key project is the Weihai Property in Shandong province, comprising three high-rise buildings with about 195,000 square metres of gross floor area, planned to include 1,400 serviced apartments and around 200 luxury hotel suites and rooms, positioning the group in the higher-end residential and hospitality market in Weihai’s Golden Beach district.

Average Trading Volume: 211,985

Technical Sentiment Signal: Sell

Current Market Cap: HK$890.3M

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