GDC (08271): Guangdong GDC Declared Bankrupt

Stock News10-02

GDC (08271) announced that, as previously disclosed by the company, the bankruptcy liquidation application of its indirect non-wholly owned subsidiary Guangdong Global Digital Creations Co., Ltd. (Guangdong GDC) has been accepted by the Guangzhou Intermediate People's Court in Guangdong Province, China, with a bankruptcy administrator officially appointed on June 11, 2025. From that point forward, the company is no longer considered to have control over Guangdong GDC, and its financial performance will no longer be consolidated into the group's financial results. The bankruptcy administrator recently received a civil ruling from the court declaring Guangdong GDC bankrupt.

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