Yongcheng Group (01608.HK) receives a liquidation request and will resume trading on December 2nd.

date
01/12/2025
Zhixin Finance APP News, China Resources Group (01608.HK) announced that the company has learned that China CNR Hong Kong Capital Management Limited (the petitioner) has filed liquidation petitions against the company and China Resources Group Holdings Limited (an indirectly wholly-owned subsidiary of the company) in the High Court of the Hong Kong Special Administrative Region on November 28, 2025. The petitions are related to several financing lease agreements entered into by the petitioner with China Resources Group Holdings and VPower Technology Company Limited, as well as guarantees made by the company to the petitioner, involving an alleged unpaid amount of $31,943,907.06 USD.