China Evergrande Group (HK:3333) has released an update.
China Evergrande Group, currently in liquidation, has informed shareholders and potential investors that despite efforts by the Liquidators to preserve and realize assets, the company’s trading shares remain suspended with no clear path to resuming trading. The Liquidators have made some progress in asset realization, but face challenges due to the company’s significant debt levels and limited internal resources, and are open to communication with potential investors interested in restructuring. Shareholders and investors are advised to exercise caution when dealing in the company’s securities.
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