China Huajun Group Limited ( (HK:0377) ) just unveiled an announcement.
China Huajun Group Limited, a company incorporated in Bermuda, held a Scheme Meeting to consider and approve a Scheme of Arrangement proposed between the company and its creditors. The meeting saw participation from 33 creditors, with 23 voting in favor, representing 96.72% of the total value of claims. The approval allows the company to seek further sanction from the High Court, with a hearing scheduled for April 3, 2025. This development is crucial for the company’s restructuring efforts, though it remains subject to further approvals from shareholders and regulatory bodies.
More about China Huajun Group Limited
YTD Price Performance: -1.25%
Average Trading Volume: 19,015
Technical Sentiment Consensus Rating: Buy
Current Market Cap: HK$48.62M
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