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Differ Group Auto Limited ( (HK:6878) ) has provided an announcement.
Differ Group Auto Limited announced the withdrawal of its application to convene a scheme meeting as part of its proposed restructuring plan, due to insufficient support from creditors. The company is still negotiating with creditors on a revised plan and assures that the withdrawal does not impact its current operations or financial condition. However, the outcome of a winding-up petition scheduled for April 2025 could potentially affect its operations. No updates have been received regarding ongoing PRC litigations.
More about Differ Group Auto Limited
Differ Group Auto Limited is a company incorporated in the Cayman Islands, operating within the automotive industry. It is listed on the Hong Kong Stock Exchange and is involved in restructuring efforts to address financial challenges.
YTD Price Performance: -9.86%
Average Trading Volume: 1,121,382
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: HK$60.12M
For a thorough assessment of 6878 stock, go to TipRanks’ Stock Analysis page.