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<CN Home>KWG GROUP Collapses 20%+ on RMB780M Debt Leading to Winding-up Petition
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KWG GROUP (01813.HK) received a liquidation petition, causing its stock to collapse after opening flat this morning (14th), bottoming at HKD0.25. It last posted at HKD0.255, down 22.73%, with trading volume surging to HKD9.5436 million. The group had announced last night (13th) that a winding-up petition dated 11 August 2025 was filed by Shandong Sunlight Xin Tiandi Micro-finance Company Limited (Petitioner) at the High Court of the HKSAR against the Company in relation to the outstanding debt in the principal amount of RMB642 million and interest accrued in the amount of about RMB136 million guaranteed by the Company, totaling about RMB778 million. The High Court set the first hearing date for the Petition to be held on 22 October 2025. AASTOCKS Financial News Website: www.aastocks.com |
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