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TFG International Group Limited ( (HK:0542) ) has issued an announcement.
China Cultural Tourism and Agriculture Group Limited has implemented several measures to address liquidity pressures and resolve a disclaimer of opinion from its auditor regarding going concern. These measures include accelerating property sales, reducing workforce by 22%, negotiating loan renewals, and exploring asset disposal opportunities. The company reported property sales of approximately RMB27 million in the first half of 2025 and continues to seek ways to enhance liquidity and financial stability.
More about TFG International Group Limited
China Cultural Tourism and Agriculture Group Limited operates in the tourism and agriculture sectors, focusing on property development and sales. The company is involved in the pre-sales and sales of properties under development and completed properties, targeting the Chinese market.
Average Trading Volume: 639,283
Technical Sentiment Signal: Sell
Current Market Cap: HK$461.2M
See more data about 0542 stock on TipRanks’ Stock Analysis page.