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The latest announcement is out from Agile Group Holdings ( (HK:3383) ).
Agile Group Holdings Limited has announced updates on its strategic plans to address liquidity issues and resolve a Disclaimer of Opinion. The company is progressing with the restructuring of its offshore debts, aiming to finalize terms with key creditors by the end of 2025. It has also secured extensions on borrowings amounting to RMB1,492 million and recovered RMB1,201 million in high-risk receivables. Additionally, Agile has implemented cost-control measures, including salary reductions, resulting in significant administrative cost savings. The company is exploring asset disposal and buy-back projects with local governments to further stabilize its financial position.
The most recent analyst rating on (HK:3383) stock is a Hold with a HK$0.50 price target. To see the full list of analyst forecasts on Agile Group Holdings stock, see the HK:3383 Stock Forecast page.
More about Agile Group Holdings
Agile Group Holdings Limited is a company incorporated in the Cayman Islands, operating in the real estate industry. The company focuses on property development and management, with a significant presence in the commercial and residential real estate markets.
Average Trading Volume: 11,487,394
Technical Sentiment Signal: Strong Sell
Current Market Cap: HK$2.04B
See more insights into 3383 stock on TipRanks’ Stock Analysis page.