China Evergrande Group (HK:3333) has released an update.
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China Evergrande Group has announced further financial turmoil as a winding-up petition has been filed against its subsidiary Tianji Holding, with a hearing set for January 2025. Additionally, a winding-up order has been issued against Scenery Journey, another subsidiary, highlighting ongoing financial struggles. Trading of Evergrande shares remains suspended, signaling continued caution for investors.
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