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Jingrui Holdings Enters Court-Ordered Liquidation as Share Trading Remains Suspended

Story Highlights
  • Jingrui Holdings is now under court-ordered liquidation with Ernst & Young liquidators managing its affairs.
  • The company moved its Hong Kong principal office to the liquidators’ address and its share trading remains suspended indefinitely.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Jingrui Holdings Enters Court-Ordered Liquidation as Share Trading Remains Suspended

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Jingrui Holdings Ltd. ( (HK:1862) ) has provided an update.

Jingrui Holdings Limited, a Cayman Islands–incorporated property company listed in Hong Kong, is now under court-ordered liquidation, with its operations and assets overseen by joint and several liquidators from Ernst & Young Transactions Limited. The High Court of Hong Kong has formally appointed two liquidators, the company has shifted its principal place of business in Hong Kong to the liquidators’ address in Quarry Bay, and trading in its shares remains suspended indefinitely, underscoring ongoing uncertainty for shareholders and other stakeholders while the winding-up process proceeds.

The most recent analyst rating on (HK:1862) stock is a Sell with a HK$0.02 price target. To see the full list of analyst forecasts on Jingrui Holdings Ltd. stock, see the HK:1862 Stock Forecast page.

More about Jingrui Holdings Ltd.

Jingrui Holdings Limited is a Cayman Islands–incorporated company listed in Hong Kong that operates in the property sector, with its shares traded on the Main Board of the Stock Exchange of Hong Kong before their current suspension. The company has been the subject of winding-up proceedings and is now in liquidation, with its affairs, business and property managed by court-appointed liquidators acting as agents of the company.

YTD Price Performance: 14.29%

Average Trading Volume: 15,169,736

Technical Sentiment Signal: Sell

Current Market Cap: HK$24.62M

For a thorough assessment of 1862 stock, go to TipRanks’ Stock Analysis page.

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