GDH Guangnan (Holdings) Limited (HK:1203) has released an update.
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GDH Guangnan (Holdings) Limited has announced the successful completion of the liquidation of its associate, Yellow Dragon Food Industry Co., Ltd., as per the Company Law of the People’s Republic of China. The board confirmed that this strategic move has not caused any significant negative impact on the group’s business or financial health. The entire liquidation process, including asset and liability checks and financial position audits by Baker Tilly China, concluded with the deregistration of Yellow Dragon on 12 June 2024.
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