Soundwill Holdings (HK:0878) has released an update.
Soundwill Holdings Limited has announced that the Court of Appeal dismissed its appeal regarding the auction of Haven Court and detailed judgment will be issued in three weeks. The company is considering its next steps after consulting with professional advisers and has decided not to participate in the upcoming auction as the reserve price remains unchanged at HK$2.425 billion. Shareholders and potential investors are advised to exercise caution when dealing in the company’s securities due to the uncertainties surrounding the auction.
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