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C.banner International Holdings Ltd. ( (HK:1028) ) just unveiled an announcement.
C.banner International Holdings Ltd. has reached a civil mediation settlement with Nanjing Mayflower regarding a debt of RMB65.16 million. The settlement involves periodic repayments by Nanjing Mayflower until March 2045, with provisions for enforcement if payments are missed. The company anticipates an impairment loss of approximately RMB149.05 million due to this settlement, which will be reflected in its interim financial results.
More about C.banner International Holdings Ltd.
C.banner International Holdings Ltd. is a company incorporated in Bermuda with limited liability, operating in the footwear and retail industry. The company, along with its subsidiaries, focuses on the manufacturing and sale of branded fashion footwear, primarily targeting the Chinese market.
Average Trading Volume: 158,707
Technical Sentiment Signal: Hold
Current Market Cap: HK$446.6M
Learn more about 1028 stock on TipRanks’ Stock Analysis page.