China SCE Group Opposes Liquidation Application by Offshore Creditors, Seeks Legal Measures to Protect Stakeholders

Reuters

2025/06/06

China SCE Group Opposes Liquidation Application by Offshore Creditors, Seeks Legal Measures to Protect Stakeholders

China SCE Group Holdings Ltd. is currently navigating a challenging financial situation, as an application for the appointment of liquidators has been filed against its wholly-owned subsidiary, Affluent Way International Limited, in the Eastern Caribbean Supreme Court. The Liquidation Application, submitted by Arkkan Opportunities Fund Ltd, pertains to the non-payment of principal and interest totaling over US$13 million. Despite this development, China SCE Group Holdings Ltd. believes that the Liquidation Application will not significantly impact its operations at this stage. The company is actively working with its advisers to devise a comprehensive solution aimed at ensuring sustainable operations and protecting the interests of all stakeholders. Moreover, the board of directors is determined to oppose the Liquidation Application through legal measures, emphasizing its commitment to safeguarding the company's rights and maintaining stakeholder value. Shareholders and investors are advised to exercise caution and seek professional advice when dealing with the company's securities.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. China SCE Group Holdings Ltd. published the original content used to generate this news brief on June 06, 2025, and is solely responsible for the information contained therein.

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The Liquidation Application, submitted by Arkkan Opportunities Fund Ltd, pertains to the non-payment of principal and interest totaling over US$13 million. Despite this development, China SCE Group Holdings Ltd. believes that the Liquidation Application will not significantly impact its operations at this stage. The company is actively working with its advisers to devise a comprehensive solution aimed at ensuring sustainable operations and protecting the interests of all stakeholders. Moreover, the board of directors is determined to oppose the Liquidation Application through legal measures, emphasizing its commitment to safeguarding the company's rights and maintaining stakeholder value. Shareholders and investors are advised to exercise caution and seek professional advice when dealing with the company's securities.\n      </p>\n</div><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<em>Disclaimer: <span>This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. China SCE Group Holdings Ltd. published the original content used to generate this news brief on June 06, 2025, and is solely responsible for the information contained therein.</span></em>\n</div></body></html>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>China SCE Group Opposes Liquidation Application by Offshore Creditors, Seeks Legal Measures to Protect Stakeholders</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nChina SCE Group Opposes Liquidation Application by Offshore Creditors, Seeks Legal Measures to Protect Stakeholders\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1032215980\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2025-06-06 18:36</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html xmlns=\"http://www.w3.org/1999/xhtml\" xmlns:newsg2=\"http://iptc.org/std/nar/2006-10-01/\" xmlns:xhtml=\"http://www.w3.org/1999/xhtml\"><head><title>\n      China SCE Group Opposes Liquidation Application by Offshore Creditors, Seeks Legal Measures to Protect Stakeholders\n    </title></head><body><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<p>\n        <a href=\"https://laohu8.com/S/CSCNF\">China SCE Group Holdings Ltd</a>. is currently navigating a challenging financial situation, as an application for the appointment of liquidators has been filed against its wholly-owned subsidiary, Affluent Way International Limited, in the Eastern Caribbean Supreme Court. The Liquidation Application, submitted by Arkkan Opportunities Fund Ltd, pertains to the non-payment of principal and interest totaling over US$13 million. Despite this development, China SCE Group Holdings Ltd. believes that the Liquidation Application will not significantly impact its operations at this stage. The company is actively working with its advisers to devise a comprehensive solution aimed at ensuring sustainable operations and protecting the interests of all stakeholders. Moreover, the board of directors is determined to oppose the Liquidation Application through legal measures, emphasizing its commitment to safeguarding the company's rights and maintaining stakeholder value. Shareholders and investors are advised to exercise caution and seek professional advice when dealing with the company's securities.\n      </p>\n</div><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<em>Disclaimer: <span>This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. China SCE Group Holdings Ltd. published the original content used to generate this news brief on June 06, 2025, and is solely responsible for the information contained therein.</span></em>\n</div></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"01966","symbol_name":"中骏集团控股","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250606:nNDL503Pyn:1","article_id":"2541199859","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2541199859","pubTimestamp":1749206187,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"China SCE Group Holdings Ltd. is currently navigating a challenging financial situation, as an application for the appointment of liquidators has been filed against its wholly-owned subsidiary, Affluent Way International Limited, in the Eastern Caribbean Supreme Court. The Liquidation Application, submitted by Arkkan Opportunities Fund Ltd, pertains to the non-payment of principal and interest totaling over US$13 million. Despite this development, China SCE Group Holdings Ltd. believes that the Liquidation Application will not significantly impact its operations at this stage. The company is actively working with its advisers to devise a comprehensive solution aimed at ensuring sustainable operations and protecting the interests of all stakeholders. Moreover, the board of directors is determined to oppose the Liquidation Application through legal measures, emphasizing its commitment to safeguarding the company's rights and maintaining stakeholder value. Shareholders and investors are a","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"01966":"中骏集团控股","BK1240":"房地产开发","BK1555":"内房股"},"translate_title":"中骏集团反对境外债权人清算申请寻求法律措施保护利益相关方","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"01966":0.9},"content_text":"China SCE Group Opposes Liquidation Application by Offshore Creditors, Seeks Legal Measures to Protect Stakeholders\n    \n\nChina SCE Group Holdings Ltd. is currently navigating a challenging financial situation, as an application for the appointment of liquidators has been filed against its wholly-owned subsidiary, Affluent Way International Limited, in the Eastern Caribbean Supreme Court. The Liquidation Application, submitted by Arkkan Opportunities Fund Ltd, pertains to the non-payment of principal and interest totaling over US$13 million. Despite this development, China SCE Group Holdings Ltd. believes that the Liquidation Application will not significantly impact its operations at this stage. The company is actively working with its advisers to devise a comprehensive solution aimed at ensuring sustainable operations and protecting the interests of all stakeholders. Moreover, the board of directors is determined to oppose the Liquidation Application through legal measures, emphasizing its commitment to safeguarding the company's rights and maintaining stakeholder value. Shareholders and investors are advised to exercise caution and seek professional advice when dealing with the company's securities.\n      \n\nDisclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. 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