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The latest announcement is out from AF Global Limited ( (SG:L38) ).
AF Global Limited is facing challenges in liquidating its joint venture investment in Xuzhou, China, as multiple auction attempts have failed to attract bids. The company is considering further rounds of auctions at increased discounts to the fair value of the assets, which may impact the recoverability of the investment valued at $35,855,000 as of June 2025. The Board remains committed to exploring options to unlock value and enhance capital efficiency within its portfolio.
More about AF Global Limited
AF Global Limited, incorporated in Singapore, operates in the real estate industry with a focus on asset and investment portfolio management. The company is involved in joint venture investments, such as the Xuzhou Yinjian LumChang Real Estate Development Co., Ltd in China.
Average Trading Volume: 91,737
Technical Sentiment Signal: Strong Buy
Current Market Cap: S$82.34M
For a thorough assessment of L38 stock, go to TipRanks’ Stock Analysis page.