Share price and vol moved up before this annc...
http://www.hkexnews.hk/listedco/listcone...711604.pdf
VOLUNTARY ANNOUNCEMENT
COMPULSORY LIQUIDATION OF ZHEN WAH
The PRC Court has accepted the application for the compulsory liquidation of Zhen Wah
and has appointed 北京市中倫(深圳)律師事務所 (Zhong Lun Law Firm Shenzhen
Office*) as the liquidation committee of Zhen Wah.
Further to the announcement dated 25 April 2016, the Company would like to update
shareholders and investors concerning the compulsory liquidation of Zhen Wah as follows:
1. the PRC Court has accepted the application for compulsory liquidation of Zhen Wah;
and
2. 北京市中倫(深圳)律師事務所 (Zhong Lun Law Firm Shenzhen Office*) has been
appointed by the PRC Court as the liquidation committee of Zhen Wah.
While the above represents a step forward in the compulsory liquidation of Zhen Wah, on
account of the complexity of the matter, shareholders and investors are reminded that there
is no assurance that the liquidation will not be subject to significant delay, opposition and
obstructions.
The Company will continue to monitor the position carefully and make such further
announcements and disclosures as appropriate.
"... but quitting while you're ahead is not the same as quitting." - Quote from the movie American Gangster