China SCE Group Holdings Ltd. has announced a significant development in its legal proceedings concerning the Liquidation Application against Affluent Way. The company, incorporated in the Cayman Islands and listed on the Hong Kong Stock Exchange, revealed that the BVI Court has approved the withdrawal of the Liquidation Application on June 23, 2025. This decision marks a turning point in the proceedings, following an earlier announcement on June 6, 2025, related to the same matter. This latest update comes as a relief to the company and its stakeholders, as it indicates a resolution of the issues leading to the application for liquidation. The company's leadership, including Chairman Wong Chiu Yeung, remains focused on navigating through these challenging times with the aim of stabilizing the company's financial standing.
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