DaFa Properties, Unit Get Winding Up Order from Hong Kong Court

MT Newswires Live

2024/10/16

DaFa Properties Group (HKG:6111) and its unit YinYi Holdings (Hong Kong) were ordered to be wound up by the Hong Kong High Court on Wednesday, a same-day bourse filing said.

The official receiver has been appointed as the provisional liquidator of DaFa and YinYi.

China Construction Bank (Asia) filed the winding-up petition in February due to outstanding debts worth $360 million.

Trading in the company's shares, which has been suspended since April 2023, remains suspended.

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