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The latest announcement is out from China South City Holdings Limited ( (HK:1668) ).
China South City Holdings Limited is facing a winding-up petition filed by Citicorp International Limited due to non-payment of senior notes valued at over $306 million. This legal action could significantly impact the company’s ability to transfer property or shares unless a validation order is obtained, posing potential operational and financial challenges. The company plans to contest the petition and continue its restructuring efforts to stabilize its financial position and protect stakeholder interests.
More about China South City Holdings Limited
China South City Holdings Limited is a company incorporated in Hong Kong, operating within the real estate and commercial property development sector. The company is known for its large-scale integrated logistics and trade centers, serving as a platform for domestic and international commerce with a focus on enhancing regional economic development.
YTD Price Performance: -16.67%
Average Trading Volume: 10,000
Technical Sentiment Consensus Rating: Buy
Current Market Cap: €226M
Find detailed analytics on 1668 stock on TipRanks’ Stock Analysis page.
