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The latest update is out from China South City Holdings Limited ( (HK:1668) ).
China South City Holdings Limited has announced updates regarding the disclaimer of opinion on its 2024 financial statements due to uncertainties related to its going concern status. The company has been actively implementing measures to address liquidity pressures, including debt restructuring, asset sales, and cost control strategies. These efforts aim to improve the company’s financial stability and resolve the issues highlighted in the auditor’s disclaimer. The company is also working on resolving a winding-up petition filed by Citicorp International Limited, with ongoing negotiations and legal strategies to manage creditor relations and enhance liquidity.
More about China South City Holdings Limited
China South City Holdings Limited operates in the real estate industry, focusing on the development and management of integrated logistics and trade centers in China. The company primarily engages in property development, property investment, and property management services, catering to a variety of market needs within the logistics and commercial sectors.
YTD Price Performance: -37.22%
Average Trading Volume: 3,779,365
Technical Sentiment Signal: Sell
Current Market Cap: HK$1.29B
See more insights into 1668 stock on TipRanks’ Stock Analysis page.