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Keyne Ltd. Subsidiary Initiates Bankruptcy Proceedings for Debt Restructuring
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Keyne Ltd. Subsidiary Initiates Bankruptcy Proceedings for Debt Restructuring

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The latest announcement is out from Keyne Ltd. ( (HK:0009) ).

Keyne Ltd. has announced that its indirect wholly-owned subsidiary, Hunan Jiuhua Oriental Hotel Co., Ltd., has filed for bankruptcy proceedings in the Court of Hunan Province, China. The bankruptcy reorganization aims to provide a platform for the subsidiary to restructure its existing debts with creditors, with the first creditors meeting scheduled for February 25, 2025. The company intends to keep its shareholders and potential investors informed of significant developments related to this application.

More about Keyne Ltd.

Keyne Ltd. is a company incorporated in Bermuda, operating with subsidiaries in various sectors. It is listed on the Stock Exchange of Hong Kong Limited under the stock code 00009.

YTD Price Performance: 30.0%

Technical Sentiment Consensus Rating: Buy

Current Market Cap: HK$46.39M

See more insights into 0009 stock on TipRanks’ Stock Analysis page.

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