Guangdong Adway's Bankruptcy Restructuring Accepted by Court, Trading Remains Suspended
Reuters
Aug 01, 2025
Guangdong Adway's Bankruptcy Restructuring Accepted by Court, Trading Remains Suspended
Guangdong Adway Construction Group Holdings Co. Ltd. has announced that the Court has accepted its bankruptcy restructuring application once again, with the case number (2024) Yue 03 Po Shen 942. The company is working on adjusting and improving its restructuring plan according to the court's feedback. Trading of the company's shares has been suspended since July 16, 2025, and will remain so until further notice. The company is facing significant challenges, including liquidity constraints that have drastically reduced business operations, and uncertainties regarding its ability to continue as a going concern. Shareholders and potential investors are advised to exercise caution, and the company plans to provide further updates as the situation develops.
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