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2022-02-08 10:58
09:51 PM EST, 02/07/2022 (MT Newswires) -- The Grand Court of the Cayman Islands ordered to wind up Evergreen International Holdings (HKG:0238) and appoint joint official liquidators for the company, according to a late Monday filing.
The court's ruling on the Jan. 6 hearing follows a winding-up petition filed against the clothing manufacturer in December 2021.
CIS Securities Asset Management, a bondholder, sought for Evergreen to be wound up due to its failure to repay HK$55.4 million ($71 million) of outstanding debt, a previous disclosure said.
Trading in the shares of Evergreen has been suspended since March 30, 2020.
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