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Changsha Broad Homes Industrial Group Co., Ltd. Class H ( (HK:2163) ) has issued an announcement.
Changsha Broad Homes Industrial Group Co., Ltd. has announced a quarterly update on the status of its resumption efforts, highlighting ongoing challenges and steps being taken to address compliance and operational issues. The company is working to fulfill resumption guidance by collecting necessary financial documents for auditing, investigating allegations from resignation reports, and forming a new audit committee. Despite these efforts, some production bases remain temporarily suspended due to unfavorable market conditions, impacting the company’s operations.
More about Changsha Broad Homes Industrial Group Co., Ltd. Class H
Changsha Broad Homes Industrial Group Co., Ltd. is a China-based company that specializes in the industrialization of the construction industry. It operates through four segments: Prefabricated Concrete Unit Manufacturing, PC Equipment Manufacturing, Modular Integrated Products Manufacturing, and Digital Engineering Procurement Construction. The company focuses on the domestic market, although some production bases are temporarily suspended due to unfavorable market conditions.
Technical Sentiment Signal: Strong Sell
Current Market Cap: HK$292.6M
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