Liaoning Port Says Subsidiary DCT Logistics Enters Court-Accepted Bankruptcy Liquidation

An announcement from Liaoning Port Company Limited Class H ( (HK:2880) ) is now available.

Liaoning Port Co., Ltd. has announced that the Dalian Economic and Technological Development Zone People’s Court has formally accepted a bankruptcy liquidation application for its subsidiary DCT Logistics Co., Ltd., in which the group holds an indirect 100% equity interest through two wholly owned subsidiaries. The company emphasized that DCT Logistics is an independent legal entity and that neither the listed parent nor its other subsidiaries bear guarantee responsibilities or joint liabilities for the subsidiary’s debts, and it expects the bankruptcy to have no impact on the group’s current production and operations and no material effect on profits in the current or future periods, though final implications will depend on the outcome of the liquidation process and related audits.

The most recent analyst rating on (HK:2880) stock is a Hold with a HK$1.00 price target. To see the full list of analyst forecasts on Liaoning Port Company Limited Class H stock, see the HK:2880 Stock Forecast page.

More about Liaoning Port Company Limited Class H

Liaoning Port Co., Ltd. is a sino-foreign joint stock company incorporated in the PRC and listed in Hong Kong and on the mainland, operating port and related logistics services centered around the Dalian area of Liaoning Province. Through a network of wholly owned and controlled subsidiaries, the group provides container, logistics and other port-related services, positioning itself as a key infrastructure operator in northeastern China’s maritime trade and logistics corridor.

Average Trading Volume: 12,472,495

Technical Sentiment Signal: Buy

Current Market Cap: HK$36.71B

See more insights into 2880 stock on TipRanks’ Stock Analysis page.