Core Viewpoint - South China City Holdings Limited has officially entered liquidation, with significant debt pressures impacting its future operations and the fate of its subsidiary, Nanning South China City [1] Group 1: Company Situation - South China City Holdings has been issued a liquidation order by the High Court of the Hong Kong Special Administrative Region on August 11, 2025 [1] - The company appointed Fushigao Consulting Limited as joint liquidators [1] - The stock of South China City was suspended from trading at 10:55 AM on August 11, 2025, and will remain suspended until further notice [1] Group 2: Financial Impact - Prior to the suspension, South China City's stock price was reported at HKD 0.107, representing a 95% decline from its peak market value of over HKD 30 billion in 2023 [1] - The current market capitalization has shrunk to HKD 1.224 billion [1] Group 3: Future Outlook - The future operational prospects of Nanning South China City are increasingly uncertain due to the overall debt crisis faced by South China City Holdings [1] - The fate of the Nanning project is closely tied to the financial health of the parent company, indicating potential challenges ahead [1]