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TFG International Group Limited ( (HK:0542) ) has shared an announcement.
China Cultural Tourism and Agriculture Group Limited has announced significant measures to address liquidity pressures and improve financial stability. The company has achieved a major sales milestone by entering a RMB550 million agreement for the bulk sale of 12 buildings, expected to enhance cash flow and financial performance. Additionally, the sale of a 47% equity interest in a non-profitable subsidiary is anticipated to generate a gain of RMB84 million, further relieving financial burdens. The company is also negotiating loan renewals and exploring asset disposal opportunities to create liquidity.
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 large-scale integrated projects and aims to enhance its market position through strategic sales and asset management.
Average Trading Volume: 4,952,409
Technical Sentiment Signal: Buy
Current Market Cap: HK$1.31B
For a thorough assessment of 0542 stock, go to TipRanks’ Stock Analysis page.