China Tianrui's Controlling Shareholder Faces Winding-Up Proceedings; Shares Slide 17%

MT Newswires Live

2025/09/10

China Tianrui Group Cement Company (HKG:1252) said winding-up proceedings have been filed against its controlling shareholder, Yu Kuo Company, according to a Tuesday Hong Kong bourse filing.

Shares of the cement maker fell nearly 17% in Wednesday's mid-day trade.

The company said China Vered Securities has been granted leave to substitute as the petitioner in the case.

The High Court has not issued any winding-up order at this stage, the filing said.

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