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China Health Group ( (HK:0673) ) has issued an announcement.
China Health Group Limited, through its wholly-owned subsidiary Long Heng, has entered into a Settlement Deed to address financial disputes triggered by a Cross-Default Clause. The company will transfer its entire equity interest in a target entity to a noteholder and issue a Settlement Note to resolve these disputes, resulting in the target entity no longer being a subsidiary. The company plans to use proceeds from a proposed capital raising to repay the Settlement Note, with additional funds allocated to settle various payables and improve cash flow management, aiming to restore long-term financial stability.
More about China Health Group
Average Trading Volume: 2,519,175
Technical Sentiment Signal: Sell
Current Market Cap: HK$147.5M
For detailed information about 0673 stock, go to TipRanks’ Stock Analysis page.