HK Stock Market Move | KWG GROUP(01813) fell over 25% in the final trading session. Liquidation hearing postponed until December 8th.
Founder Group (01813) fell more than 25% at the close, as of press time, down 23.08% to HK$0.17, with a turnover of HK$3,095,200.
At the close of trading, KWG GROUP (01813) fell by more than 25%, and as of the time of writing, it had fallen by 23.08%, to 0.17 Hong Kong dollars, with a turnover of 3.0952 million Hong Kong dollars.
On the news front, KWG GROUP announced that the hearing for the company's liquidation petition has been postponed by the court to December 8, 2025. The hearing will be presided over by a company case judge in the Hong Kong High Court. This move is aimed at giving the company more time to negotiate a restructuring plan with its creditors. The announcement did not disclose the specific reasons for the delay, but stated that the company will actively address its debt issues.
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