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China Ecotourism Group Limited ( (HK:1371) ) has provided an announcement.
China Ecotourism Group Limited has provided a quarterly update on steps taken to address the auditor’s disclaimer of opinion in its annual report for the year ended 30 June 2025, focusing on a comprehensive debt restructuring and liquidity support. The company has formulated a creditors’ scheme of arrangement under Hong Kong’s Companies Ordinance, obtained High Court approval to convene a creditors’ meeting, secured the requisite statutory majorities from creditors to approve the scheme, and received a sanction order from the High Court, which will become effective once the scheme’s conditions precedent are fulfilled and registered. In parallel, the hearing of a winding-up petition against the company has been adjourned to 2 March 2026, and a HK$15 million working capital facility from a new investor to its wholly owned subsidiary, China Lot Synergy Group Limited, has been renewed and extended to 30 June 2026, bolstering near-term liquidity while the restructuring proceeds. The company has cautioned shareholders and potential investors to exercise care in dealing in its shares as it continues to work through the restructuring process.
The most recent analyst rating on (HK:1371) stock is a Hold with a HK$0.21 price target. To see the full list of analyst forecasts on China Ecotourism Group Limited stock, see the HK:1371 Stock Forecast page.
More about China Ecotourism Group Limited
China Ecotourism Group Limited, incorporated in Bermuda and listed in Hong Kong, operates through subsidiaries including China Lot Synergy Group Limited and is engaged in businesses connected to ecotourism and related services, with its operations funded in part through external working capital facilities.
Average Trading Volume: 212,300
Technical Sentiment Signal: Strong Sell
Current Market Cap: HK$35.52M
For detailed information about 1371 stock, go to TipRanks’ Stock Analysis page.