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Kangqiao Service Group Limited Updates on Subsidiary Litigation

Story Highlights
  • Kangqiao Service Group Limited provides property management services and is listed on the Hong Kong Stock Exchange.
  • The company is addressing legal challenges following a subsidiary’s litigation and is preparing a defense against a bank’s appeal.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Kangqiao Service Group Limited Updates on Subsidiary Litigation

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The latest announcement is out from Kangqiao Service Group Limited ( (HK:2205) ).

Kangqiao Service Group Limited has announced an update on a litigation involving its wholly-owned subsidiary, Kangqiao Yueshenghuo Service Group Co., Ltd. Following the receipt of a Civil Judgment, the involved bank has filed an appeal on January 8, 2025, but a hearing date is yet to be scheduled. The company is currently seeking legal advice and preparing a defense. Stakeholders will be informed of any significant developments through future announcements.

More about Kangqiao Service Group Limited

Kangqiao Service Group Limited is a company incorporated in the Cayman Islands, focusing on providing various services. It operates primarily in the property management sector and is listed on the Stock Exchange of Hong Kong Limited under the stock code 2205.

YTD Price Performance: 1.47%

Average Trading Volume: 24,125

Technical Sentiment Consensus Rating: Hold

Current Market Cap: HK$483M

See more insights into 2205 stock on TipRanks’ Stock Analysis page.

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