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Cornerstone Holdings (01592.HK) Wholly-owned Subsidiary Pacific Stone Ordered to Liquidate
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Cornerstone Holdings (01592.HK) announced that on March 18, the court ordered the liquidation of its wholly-owned subsidiary, Pacific Stone. Since 2023, Pacific Stone has not undertaken any new construction projects, and the group's business operations have been managed by other subsidiaries. Therefore, the liquidation of Pacific Stone is not expected to have a significant adverse impact on the overall financial condition and operations. (de/d)

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