The latest update is out from Superactive Group Company Limited ( (HK:0176) ).
Superactive Group Company Limited has announced the appointment of receivers over properties held by its subsidiaries due to outstanding term loans with Hang Seng Bank. Despite attempts to negotiate, the bank proceeded with the receivership, impacting properties in Shun Tak Centre, Hong Kong. The company is evaluating the legal, financial, and operational ramifications of this development. Additionally, trading of the company’s shares remains suspended on the Hong Kong Stock Exchange, with stakeholders advised to exercise caution.
More about Superactive Group Company Limited
Superactive Group Company Limited, incorporated in Bermuda, operates in the investment and property management industry. The company, along with its subsidiaries, focuses on managing properties and investments, primarily in Hong Kong.
Technical Sentiment Signal: Buy
Current Market Cap: €3.02M
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