CHINA GLASS (03300.HK): Court accepts subsidiary liquidation filing
- The civil ruling was received on 29 October 2026 from the Weihai Intermediate People's Court.
- The company said the subsidiary has restructuring value and potential and will cooperate with the court and the judicial process.
NewTimeSpace News: On 30 October 2026, China Glass Holdings Limited (stock code: 03300) said that on 29 October 2026 its non-wholly-owned subsidiary Zhongbo (Weihai) Special Glass Co., Ltd. received a civil ruling from the Weihai Intermediate People's Court, which has accepted a creditor's application to liquidate the subsidiary for failing to repay certain matured debts. The subsidiary has restructuring value and potential, and the company will cooperate with the court and the judicial process.
The subsidiary's operations have been classified as part of the company's discontinued operations, as disclosed in its 2025 annual report and 2026 interim report, and the company believes the liquidation will have a limited impact on the Group's overall financial position and business operations. The announcement was made under Rules 13.09 and 13.25(1) of the Listing Rules and the inside information provisions of Part XIVA of the Securities and Futures Ordinance.
