Greater Bay Area Dynamic Growth Holding Limited Issues Clarification Over Guangzhou Rosedale Hotel Asset Handling
Greater Bay Area Dynamic Growth Holding Limited has issued a clarification regarding errors in a recent company announcement related to irregularities at Guangzhou Rosedale. The company addressed inaccuracies in the Chinese version of its previous disclosure, correcting references to the actions of a minority shareholder who holds 1% equity in Guangzhou Rosedale Hotel. The statement now clarifies that this shareholder unlawfully took over all management rights, established an unauthorized management committee, and improperly handled hotel assets. The company confirmed that the relevant information in the English version was accurate and that other details in both language versions remain unchanged.
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