Century Sunshine Faces Legal Actions and Asset Auction Amid Financial Struggles
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Century Sunshine Group Holdings Limited (HK:0509) is facing legal actions due to cross-defaults and payment defaults, prompting creditor actions in mainland China. The Luozhuang Court will auction 64 trademarks from its Shandong subsidiaries to repay debts, with a reserve price of approximately RMB42,925,000. The company is seeking to improve liquidity by disposing of non-core assets. Trading of its shares is suspended until compliance with resumption guidance is met. The company operates in the chemical industry, focusing on fertilizers and related products, with a current market cap of HK$19.47M.
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