Core Viewpoint - Crown Global Group (00727.HK) announced that its indirect wholly-owned subsidiary, Weihai Guosheng Runhe Real Estate Co., Ltd. ("Weihai Runhe"), submitted a voluntary liquidation application to the People's Court of Weihai Torch High-tech Industrial Development Zone, which was accepted on August 1, 2025. The board was unaware of the application and did not approve it until January 13, 2026 [1]. Group 1 - The board was not informed of the liquidation application at the time of submission and only became aware of the court's decision in January 2026 [1]. - The company has obtained legal advice regarding the liquidation application, indicating that Weihai Runhe can withdraw the application at any time under the PRC Bankruptcy Law [1]. - Despite the liquidation application, the company's control over Weihai Runhe remains unchanged, and no payments have been made to creditors or assets sold during this period [1]. Group 2 - The company intends to facilitate the withdrawal of the liquidation application [1]. - Since Weihai Runhe has not been liquidated and its assets have not been disposed of, the board believes that the liquidation application has not had a significant adverse impact on the group's financial position [1].
皇冠环球集团(00727.HK)：拟促使撤回关于威海润禾的自愿清盘呈请