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CA Cultural Technology Group Ltd. ( (HK:1566) ) has provided an update.
CA Cultural Technology Group Ltd. has announced a delay in the dispatch of a circular related to its ongoing financial restructuring efforts, which include capital reorganization, debt restructuring, and the issuance of new shares and convertible bonds. The High Court of Hong Kong has sanctioned the creditors’ scheme, which will become effective upon satisfying certain conditions. Trading of the company’s shares remains suspended as the company works to meet the Stock Exchange’s resumption guidance, which includes conducting investigations, publishing outstanding financial results, and demonstrating compliance with listing rules.
More about CA Cultural Technology Group Ltd.
CA Cultural Technology Group Ltd. is a company incorporated in the Cayman Islands, operating within the cultural technology sector. The company is involved in capital reorganization, debt restructuring, and the issuance of new shares and convertible bonds, with a focus on restructuring its financial operations.
Technical Sentiment Signal: Sell
Current Market Cap: HK$60.28M
For a thorough assessment of 1566 stock, go to TipRanks’ Stock Analysis page.