China Aoyuan Property Group Ltd

China Aoyuan Group Limited, together with its subsidiaries, is engaged in property development, property investment, and other businesses in Mainland China and Canada. It develops and sells residential and commercial apartments, retail shops, and other properties, and leases investment properties. The company is also involved in hotel operations, sales of goods, loan financing, consultancy, construction and design, and cultural tourism. Formerly known as China Aoyuan Property Group Limited, it changed its name to China Aoyuan Group Limited in November 2018. Founded in 1996 and headquartered in Guangzhou, the People's Republic of China, it operates as a subsidiary of Ace Rise Profits Limited.

3883.HK

ST Meigu Wins Final Appeal as Guangdong High Court Dismisses Lawsuit by Kinghand Holdings and Others

ST Meigu announced that the Guangdong Provincial High Court has issued a final appellate ruling dismissing the lawsuit brought by Kinghand Holdings Group Company Limited, Tian Han, and Li Li against the company. The case originated from the three plaintiffs filing a suit over tort liability disputes, seeking a judgment that Shenzhen Aoyuan Kexing Investment Company Limited, ST Meigu, China Cinda Guangdong Branch, Aoyuan Group, and China Aoyuan colluded to pursue guarantee debts from them, and demanding compensation for uncollected guarantee fee losses of 45.98 million yuan. Meanwhile, the Guangdong High Court ruled that the Guangzhou Intermediate Court should continue hearing the lawsuit by Kinghand Holdings, Tian Han, and Li Li against China Cinda Guangdong Branch and China Aoyuan Group Company Limited. In the first quarter of 2026, ST Meigu reported revenue of 148 million yuan and a net loss attributable to the parent company of 216 million yuan.

1359.HK 3883.HK

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