The latest announcement is out from Fullsun International Holdings Group Co Ltd ( (HK:0627) ).
Japan Kyosei Group Company Limited announced that its subsidiary, Jiaxing Bojin Zhiye Co., Ltd., is undergoing bankruptcy and liquidation proceedings due to its inability to repay debts. This development is significant as Jiaxing Bojin’s assets represent more than 5% of the group’s total assets. The company is seeking professional advice to assess the impact of this situation and will keep shareholders informed.
More about Fullsun International Holdings Group Co Ltd
Japan Kyosei Group Company Limited operates in the property development industry, primarily focusing on projects in Jiaxing City, Zhejiang Province, China. The company indirectly holds a 38% equity interest in Jiaxing Bojin Zhiye Co., Ltd., which is engaged in property development.
YTD Price Performance: 6.25%
Average Trading Volume: 125,114
Technical Sentiment Consensus Rating: Buy
Current Market Cap: HK$724.5M
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