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China Resources & Transportation Group Ltd. ( (HK:0269) ) has shared an update.
China Resources and Transportation Group Limited has announced measures to address a disclaimer of opinion from its auditors regarding the company’s going concern status. The company is implementing a debt restructuring plan for its subsidiary, Zhunxing, which involves settling unsecured debts in cash, converting a portion of secured and unsecured debts into equity, and ongoing discussions with other lenders and bondholders. Additionally, the company is seeking new financing sources to improve liquidity, while continuing its regular business operations.
More about China Resources & Transportation Group Ltd.
China Resources and Transportation Group Limited is engaged in expressway operations, CNG gas stations operations, and the growing and sales of forage, agricultural products, and timber operations.
Average Trading Volume: 46,189,800
Technical Sentiment Signal: Sell
Current Market Cap: HK$127.7M
For an in-depth examination of 0269 stock, go to TipRanks’ Stock Analysis page.