China Energine Faces Debt Repayment Challenges Amid Trading Suspension

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China Energine International Holdings ( (HK:1185) ) has issued an announcement.

China Energine International Holdings Limited has received a letter from its controlling shareholder demanding the repayment of expired debts, with the risk of debt default looming as the company’s request for an extension was denied. The company is actively negotiating with the shareholder to find a resolution, while trading of its shares remains suspended since April 2024, urging caution among shareholders and potential investors.

More about China Energine International Holdings

China Energine International Holdings Limited is a company incorporated in the Cayman Islands, primarily engaged in the energy sector. The company operates through its subsidiaries and is listed on the Hong Kong Stock Exchange.

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