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The latest update is out from Zhenro Properties Group Limited ( (HK:6158) ).
Zhenro Properties Group Limited announced the appointment of receivers over a substantial portion of its shares held by its controlling shareholder, RoYue Limited. This decision follows a High Court order for the sale of 1,265,826,000 shares, representing approximately 28.98% of the company’s issued shares. The move could significantly impact the company’s control dynamics and shareholder interests, as the receivers are empowered to exercise all rights associated with the shares.
More about Zhenro Properties Group Limited
Zhenro Properties Group Limited is a company incorporated in the Cayman Islands, primarily engaged in the real estate industry. It focuses on property development and investment, with a significant presence in the Hong Kong market.
YTD Price Performance: -40.30%
Average Trading Volume: 2,590,070
Technical Sentiment Signal: Sell
Current Market Cap: HK$179.1M
For an in-depth examination of 6158 stock, go to TipRanks’ Stock Analysis page.