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The latest update is out from Fortune Sun China Holdings Ltd. ( (HK:0352) ).
Fortune Sun (China) Holdings Limited has been notified by the Hong Kong Stock Exchange of its failure to maintain sufficient operations, leading to a suspension of its share trading. The company’s current business model is unsustainable, with minimal revenue and significant losses. Despite plans to enter new markets and develop new business initiatives, these strategies are uncertain and in early stages, raising concerns about the company’s future viability and sustainability.
More about Fortune Sun China Holdings Ltd.
Fortune Sun (China) Holdings Limited is primarily engaged in the property consultancy and sales agency services industry. The company has been operating on a minimal scale with declining revenues and net losses, primarily due to a sluggish property market in China. It plans to scale back its current operations and explore new business initiatives, although these plans are in preliminary stages.
Average Trading Volume: 249,714
Technical Sentiment Signal: Hold
Current Market Cap: HK$24.86M
Learn more about 0352 stock on TipRanks’ Stock Analysis page.