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DEXIN SER GROUP (02215.HK) Controlling Shareholder Issued Bankruptcy Order, Trading Resumes in Afternoon
DEXIN SER GROUP (02215.HK) announced that its board of directors was informed by the Companys controlling shareholder, Hu Yiping, that the High Court of the British Virgin Islands...
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DEXIN SER GROUP (02215.HK) Controlling Shareholder Issued Bankruptcy Order, Trading Resumes in Afternoon
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DEXIN SER GROUP (02215.HK)  -0.001 (-0.413%)   announced that its board of directors was informed by the Companys controlling shareholder, Hu Yiping, that the High Court of the British Virgin Islands issued a bankruptcy order against him on the 5th (yesterday) and adjudged him bankrupt.

DEXIN SER GROUP is currently held as to 57.65% by Prosperity International Limited, which is in turn owned as to 91.6% by Hu Yiping.

The board of DEXIN SER GROUP emphasized that the bankruptcy order was made against Hu Yiping personally, rather than against the Group or any of its assets. Hu Yiping ceased to serve as chairman of the board and executive director on the 28th of last month. Therefore, it is expected that the bankruptcy order will not have any material impact on the Groups financial performance or its existing business operations.

Trading in the shares resumed this afternoon (6th). (ha/w)(HK stocks quote is delayed for at least 15 mins.)

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