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Beijing Jingcheng Subsidiary Faces Liquidation Proceedings

Story Highlights
  • Beijing Jingcheng’s subsidiary, Tianhai Cryogenic, faces liquidation due to unpaid debts.
  • The liquidation could affect Beijing Jingcheng’s financial stability and stakeholder interests.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Beijing Jingcheng Subsidiary Faces Liquidation Proceedings

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Beijing Jingcheng Machinery Electric Co Ltd Class H ( (HK:0187) ) just unveiled an announcement.

Beijing Jingcheng Machinery Electric Co Ltd has announced that its subsidiary, Tianhai Cryogenic, is facing liquidation proceedings initiated by Beijing Langhui Technology Co., Ltd. due to unpaid debts amounting to RMB 450,501.01. The petition for liquidation was filed as Tianhai Cryogenic is unable to settle its debts and lacks solvency, which could impact the company’s financial stability and stakeholder interests.

More about Beijing Jingcheng Machinery Electric Co Ltd Class H

Beijing Jingcheng Machinery Electric Co Ltd is a joint stock company incorporated in China, focusing on machinery and electric products. It operates in the manufacturing sector, providing various industrial equipment and solutions.

Average Trading Volume: 9,367,015

Technical Sentiment Signal: Buy

Current Market Cap: HK$6.37B

For an in-depth examination of 0187 stock, go to TipRanks’ Overview page.

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