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An announcement from Ganglong China Property Group Limited ( (HK:6968) ) is now available.
Ganglong China Property Group Limited has announced a potential default on its November 2025 Notes due to liquidity pressures, with a significant interest payment due by June 17, 2025. The company is actively communicating with creditors to find a solution and is implementing measures to ensure project delivery and maintain operations. Additionally, the company is addressing a Disclaimer of Opinion issued by its auditor, with ongoing efforts to negotiate with creditors and explore financing options to resolve uncertainties regarding its financial stability.
More about Ganglong China Property Group Limited
Ganglong China Property Group Limited operates in the real estate industry, focusing on property development and management. The company is involved in the construction and sale of residential and commercial properties, primarily targeting the Chinese market.
Average Trading Volume: 1,189,736
Technical Sentiment Signal: Sell
Current Market Cap: HK$142.7M
For a thorough assessment of 6968 stock, go to TipRanks’ Stock Analysis page.