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An announcement from China Art Financial Holdings Ltd ( (HK:1572) ) is now available.
China Art Financial Holdings Limited has resolved a statutory demand issued by a creditor over unpaid loan principal, interest and default interest totalling nearly HK$8.45 million, which had posed a risk of a winding-up petition against the company. The company and the creditor have entered into a settlement agreement under which China Art Financial will pay HK$8 million in agreed settlement sums, after which the creditor will release and discharge the statutory demand, removing the basis for any winding-up petition provided the settlement is fully honored, and the company has warned shareholders and potential investors to continue exercising caution when dealing in its shares.
The most recent analyst rating on (HK:1572) stock is a Hold with a HK$0.10 price target. To see the full list of analyst forecasts on China Art Financial Holdings Ltd stock, see the HK:1572 Stock Forecast page.
More about China Art Financial Holdings Ltd
China Art Financial Holdings Limited is a Hong Kong-listed company incorporated in the Cayman Islands. It operates in the financial services sector, with its shares traded on the Main Board of the Stock Exchange of Hong Kong, and is overseen by a board comprising executive, non-executive and independent non-executive directors.
Average Trading Volume: 961,684
Technical Sentiment Signal: Sell
Current Market Cap: HK$165.7M
See more insights into 1572 stock on TipRanks’ Stock Analysis page.