Brief: China Oceanwide Says Beijing Shiwang Made Application To PRC Court

China Oceanwide Holdings

30/05/2023 14:47

May 30 (Reuters) - China Oceanwide Holdings Ltd
 0715.HK :
    * BEIJING SHIWANG MADE APPLICATION TO PRC COURT FOR
PRE-RESTRUCTURING OF OCEANWIDE HOLDINGS
    * OPERATION OF GROUP CURRENTLY REMAINS NORMAL
    * OCEANWIDE HOLDINGS RECEIVED DECISION FROM PRC COURT ON 29
MAY
2023
    * UNDER DECISION PROVISIONAL ADMINISTRATOR WILL INVESTIGATE
GENERAL STATUS AND ASSETS AND LIABILITIES OF OCEANWIDE, AMONG
OTHERS
    * ASSESSING POTENTIAL LEGAL, FINANCIAL & OPERATIONAL IMPACT
OF
APPOINTMENT OF PROVISIONAL ADMINISTRATOR ON GROUP

Source text for Eikon:  ID: 
Further company coverage:  0715.HK