Jiayuan Services Holdings Limited (HK:1153) has released an update.
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Jiayuan Services Holdings Limited is dealing with complications related to unauthorized guarantees provided to its former ultimate controlling shareholder. The situation escalated when bank accounts of its subsidiaries were unexpectedly frozen, prompting the company to investigate and seek legal guidance. The company is actively working with legal advisers to understand the implications and safeguard its interests.
For further insights into HK:1153 stock, check out TipRanks’ Stock Analysis page.