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Evergrande Property Services Group Faces Court Judgments on Large-Scale Deposit Pledges
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Evergrande Property Services Group Faces Court Judgments on Large-Scale Deposit Pledges

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An announcement from Evergrande Property Services Group Ltd. ( (HK:6666) ) is now available.

Evergrande Property Services Group Ltd. has announced that the Guangzhou Intermediate People’s Court of Guangdong Province has made judgments on several proceedings involving deposit certificate pledge guarantees. These proceedings result in various parties being ordered to repay substantial amounts totaling billions of RMB, along with interest and court handling fees, to different subsidiaries of the Evergrande Group. This development is significant for the company’s operations as it addresses the enforcement of deposit pledges, potentially impacting its financial stability and stakeholder confidence.

More about Evergrande Property Services Group Ltd.

Evergrande Property Services Group Ltd. is a key player within the real estate sector, providing property management and related services. The company operates primarily in China, focusing on delivering comprehensive property management solutions across residential and commercial properties.

YTD Price Performance: -9.33%

Average Trading Volume: 20,895,372

Technical Sentiment Consensus Rating: Buy

Current Market Cap: HK$7.35B

See more insights into 6666 stock on TipRanks’ Stock Analysis page.

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