Core Viewpoint - Crown Global Group (00727) 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 at the time of submission and only learned of it on January 13, 2026. The company has obtained legal advice regarding the application and can withdraw it at any time under Chinese bankruptcy law. Despite the application, the company maintains control over Weihai Runhe, has not made any payments to creditors, nor sold any assets. The company plans to facilitate the withdrawal of the application and believes it has not significantly impacted the group's financial position [1]. Group 1 - The voluntary liquidation application was submitted by Weihai Runhe to the court, which accepted it on August 1, 2025 [1] - The board was not aware of the application until January 13, 2026, and did not approve it [1] - Legal advice indicates that Weihai Runhe can withdraw the application at any time under Chinese bankruptcy law [1] Group 2 - The company retains control over Weihai Runhe, and no payments have been made to creditors [1] - No assets of Weihai Runhe have been sold during this period [1] - The company believes the liquidation application has not caused significant adverse effects on its financial condition [1]
皇冠环球集团拟促使威海润禾撤回清盘呈请