K.H. GP HLDGS: The court issued an order to liquidate the foundation of K.H. GP
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K.H. GP HLDGS announced that the court has ordered the liquidation of its wholly-owned subsidiary Jianhong Foundation on July 16, 2025. Jianhong Foundation mainly engages in foundation and construction services and has suspended operations since January 2025 due to the deterioration of the property development industry in Hong Kong. Nevertheless, the liquidation is expected to have a minimal impact on the group's financial condition and overall operations
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