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Ganglong China Property Group Limited ( (HK:6968) ) just unveiled an announcement.
Ganglong China Property Group Limited announced updates on its efforts to resolve a disclaimer of opinion related to its financial statements. The company is addressing financial challenges, including an acceleration notice from a major noteholder and negotiations for extending short-term bank borrowings. Additionally, the company reported significant contracted sales and is actively negotiating with contractors to settle outstanding construction fees, reflecting its ongoing efforts to stabilize operations and protect stakeholder interests.
More about Ganglong China Property Group Limited
Ganglong China Property Group Limited is a real estate company incorporated in the Cayman Islands, focusing on property development and sales. The company operates primarily in the Chinese market, aiming to enhance its market position through strategic property sales and financial management.
YTD Price Performance: -29.27%
Average Trading Volume: 916,770
Technical Sentiment Signal: Sell
Current Market Cap: HK$141.1M
For an in-depth examination of 6968 stock, go to TipRanks’ Overview page.