KWG GROUP faces a petition for liquidation, with the first hearing date set for October 22
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KWG GROUP has been petitioned for liquidation by Shandong Sunshine New World Microfinance Co., Ltd., involving an outstanding guaranteed amount of approximately RMB 642 million and accrued interest of approximately RMB 136 million. The High Court has not yet issued a liquidation order, with the first hearing scheduled for October 22, 2025
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