Crown International Corporation Limited (HK:0727) has released an update.
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Crown International Corporation Limited has disclosed significant financial challenges, including a net loss of HK$127.2 million and substantial liabilities due within the next year, raising concerns about its ability to continue as a going concern. The company is taking steps such as negotiating with banks and contractors, and exploring new business ventures to address these issues. The audit committee supports management’s view that these measures could help stabilize the company’s financial position.
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