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An announcement from Ever Reach Group Holdings Co., Ltd. ( (HK:3616) ) is now available.
Ever Reach Group Holdings Co., Ltd. has announced a revision of the financial cap related to its civil engineering and construction services for a residential project. The company has decided to increase the cap for the year ending December 31, 2025, from RMB2 million to RMB4.6 million due to additional costs incurred from changes in construction drawings, utility facilities, material costs, and COVID-19 lockdown measures. This adjustment reflects the company’s commitment to completing its construction projects while adhering to the necessary financial regulations.
More about Ever Reach Group Holdings Co., Ltd.
Technical Sentiment Signal: Hold
Current Market Cap: HK$312M
See more insights into 3616 stock on TipRanks’ Stock Analysis page.