Summary by Moomoo AI
COUNTRY GARDEN HOLDINGS LIMITED (THE “COMPANY”) ISSUED A FURTHER ANNOUNCEMENT ON 4 MARCH 2024, REFERRING TO ITS ANNOUNCEMENT ON THE LIQUIDATION PETITION MADE ON 28 FEBRUARY 2024. The Company is considering the progress of the merger's overseas restructuring and will decide at the appropriate time whether to apply for an authorisation to the High Court. We emphasize that there is no guarantee that we will apply for an authorization order or a higher court will grant a recognition order. If the recognition order is not applied for or granted, and the company is eventually liquidated as a result of the petition, the transfer of shares from February 27, 2024 will be void. Shareholders and potential investors should be aware of the risks involved and exercise caution when trading. Currently, the Executive Directors of Country Garden include Ms. Yang Hui-yin (Chairman), Mr. Mo Bin (President), and others.