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VPower Group International Holdings Limited ( (HK:1608) ) just unveiled an announcement.
VPower Group International Holdings Limited has announced that winding-up petitions have been filed against the company and its subsidiary, VPower Group Holdings Limited, by CRRC Hongkong Capital Management Co., Limited. The petitions relate to an alleged non-payment of over US$31 million concerning finance lease agreements and a guarantee. The company is taking legal advice and opposes the petitions, with the first court hearing scheduled for February 2026. The announcement highlights the potential impact on share transfers and the company’s operations if a winding-up order is granted, although no such order has been issued yet.
The most recent analyst rating on (HK:1608) stock is a Hold with a HK$0.21 price target. To see the full list of analyst forecasts on VPower Group International Holdings Limited stock, see the HK:1608 Stock Forecast page.
More about VPower Group International Holdings Limited
VPower Group International Holdings Limited, incorporated in the Cayman Islands, operates within the energy sector, focusing on power generation solutions. The company is known for its expertise in providing distributed power solutions and has a significant presence in the Asian market.
YTD Price Performance: 29.38%
Average Trading Volume: 331,673
Technical Sentiment Signal: Strong Sell
Current Market Cap: HK$1.38B
See more data about 1608 stock on TipRanks’ Stock Analysis page.