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Century Sunshine Group Holdings Limited ( (HK:0509) ) has shared an update.
Century Sunshine Group Holdings Limited announced that the Donghai County People’s Court’s auctions of Longteng Company’s land use and serpentine mining rights were unsuccessful, leading to the acceptance of a bankruptcy liquidation application by a creditor. The Group is exploring solutions to improve liquidity, including disposing of non-core assets, and the current situation does not significantly impact its other operations. Trading of the company’s shares…