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An update from China Resources & Transportation Group Ltd. ( (HK:0269) ) is now available.
China Resources and Transportation Group Limited has announced that a winding-up petition has been filed against it by Asian Capital Limited at the High Court of Hong Kong due to an unpaid amount of HK$608,900 for financial advisory services rendered in 2016 and 2017. The company is actively seeking legal advice to oppose the petition and is considering applying for a validation order to protect its operations and stakeholders. The potential impact of the petition includes the voiding of any share transfers made after the petition’s filing date unless a validation order is obtained, which could affect shareholder transactions and the company’s market operations.
More about China Resources & Transportation Group Ltd.
China Resources and Transportation Group Limited is a company incorporated in the Cayman Islands, primarily involved in the transportation and logistics industry. The company operates within the Hong Kong market, focusing on providing transportation services and related logistics solutions.
Average Trading Volume: 20,634,843
Technical Sentiment Signal: Strong Sell
Current Market Cap: HK$117.1M
For detailed information about 0269 stock, go to TipRanks’ Stock Analysis page.