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The latest announcement is out from Far East Holdings International Ltd. ( (HK:0036) ).
Far East Holdings International Ltd. has been notified by the Hong Kong Stock Exchange that it has failed to maintain sufficient operations to warrant the continued listing of its shares, leading to a suspension of trading. Despite attempts to recover from socio-economic challenges and the pandemic, the company’s operations remain small and unsustainable, with minimal revenue and continued losses. Plans to expand through acquisitions are preliminary and uncertain, and the company faces financial challenges, including insufficient resources to settle upcoming loans. The potential acquisitions could constitute reverse takeovers, further complicating the company’s situation.
More about Far East Holdings International Ltd.
Far East Holdings International Ltd. operates in the property investment industry, focusing on generating rental income from a small-scale portfolio scattered across three buildings. The company does not provide value-added services or property management, and its operations have been limited and passive, leading to minimal revenue generation.
YTD Price Performance: 42.47%
Average Trading Volume: 159,166
Technical Sentiment Signal: Sell
Current Market Cap: HK$153.6M
For detailed information about 0036 stock, go to TipRanks’ Stock Analysis page.