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China South City Holdings Delays Dividend Payment Amid Debt Talks

Story Highlights
  • China South City Holdings delays its final dividend payment due to cash flow issues.
  • The company is negotiating with creditors to resolve its debt situation and ensure future operations.
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China South City Holdings Delays Dividend Payment Amid Debt Talks

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China South City Holdings Limited ( (HK:1668) ) has shared an announcement.

China South City Holdings Limited announced a further delay in the payment of its final dividend for the fiscal year ending March 31, 2023. The company cited lower-than-expected sales and cash flow issues, exacerbated by unsuccessful asset disposals, as reasons for the delay. The company is in talks with creditors to find a comprehensive solution to its debt situation to ensure sustainable operations and future development, aiming to pay the dividend by December 31, 2025.

More about China South City Holdings Limited

China South City Holdings Limited is a company incorporated in Hong Kong, operating in the real estate sector. It focuses on developing and managing integrated logistics and trade centers across China, catering to a variety of industries and businesses.

YTD Price Performance: -25.00%

Average Trading Volume: 10,000

Technical Sentiment Consensus Rating: Buy

Current Market Cap: €217.7M

See more data about 1668 stock on TipRanks’ Stock Analysis page.

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