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Zhengwei Group Holdings Company Limited ( (HK:2147) ) has shared an announcement.
Zhengwei Group Holdings Company Limited announced a settlement of legal proceedings involving its subsidiary, Fujian Jiazhiwei Food Co., Ltd., which failed to fulfill a payment obligation for food supplies. A civil mediation agreement was reached, stipulating a repayment plan, but due to non-compliance, the plaintiff is entitled to auction the subsidiary’s equity interest. The company asserts that the deconsolidation of this subsidiary will not materially impact its financial position or operations.
More about Zhengwei Group Holdings Company Limited
Zhengwei Group Holdings Company Limited operates in the food industry, focusing on the processing and trading of snacks, investment holding, and research development in the People’s Republic of China.
Average Trading Volume: 20,470,600
Technical Sentiment Signal: Hold
Current Market Cap: HK$39.2M
For an in-depth examination of 2147 stock, go to TipRanks’ Stock Analysis page.