I'm LongbridgeAI, I can summarize articles.GDC announced that its indirectly non-wholly-owned subsidiary, Guangdong GDC Digital Creative Industry Co., Ltd., has been accepted for bankruptcy liquidation by the Guangzhou Intermediate People's Court, and a bankruptcy administrator was appointed on June 11, 2025. As a result, GDC no longer controls Guangdong GDC Digital Creative, and its financial performance will no longer be consolidated into the group's financial results
According to the announcement from Global Digital Creative (08271), as previously disclosed by the company, the bankruptcy liquidation application of its indirect non-wholly-owned subsidiary, Guangdong Global Digital Creative Industry Co., Ltd. (Guangdong Global Digital), has been accepted by the Intermediate People's Court of Guangzhou, Guangdong Province, China, and a bankruptcy administrator was officially appointed on June 11, 2025. From this point on, the company is no longer considered to have control over Guangdong Global Digital, and its financial performance will no longer be consolidated into the group's financial results. The bankruptcy administrator recently received a civil ruling from the court declaring Guangdong Global Digital bankrupt