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Evergrande Subsidiary Faces Winding-Up Order Amid Continued Trading Suspension

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Evergrande Subsidiary Faces Winding-Up Order Amid Continued Trading Suspension

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China Evergrande Group ( (HK:3333) ) has shared an update.

China Evergrande Group has announced that the High Court of Hong Kong issued a winding-up order against its subsidiary, Tianji Holding, with the Official Receiver appointed as provisional liquidator. Trading of the company’s shares remains suspended, highlighting ongoing financial difficulties and uncertainty for shareholders and investors.

More about China Evergrande Group

China Evergrande Group is a major player in the real estate industry, primarily focused on property development and management. The company has been facing financial challenges and is currently in liquidation, impacting its operations and market positioning.

Average Trading Volume: 2,848

Technical Sentiment Consensus Rating: Buy

Current Market Cap: $276.6M

For an in-depth examination of 3333 stock, go to TipRanks’ Stock Analysis page.

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