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Ganglong China Property Group Limited ( (HK:6968) ) has shared an update.
Ganglong China Property Group Limited has provided an update on its efforts to address a disclaimer of opinion on its financial statements, focusing on debt resolution, liquidity management and operational adjustments to mitigate going-concern uncertainties. The company is negotiating an overall restructuring or settlement plan with major holders of its November 2025 notes after events of default were triggered by missed interest and principal payments, while it has successfully renewed approximately RMB295.6 million of short-term onshore bank borrowings maturing in the fourth quarter of 2025. Benefiting from enhanced property sales measures, the group recorded cumulative contracted sales of about RMB5.403 billion for 2025, has streamlined its workforce to 255 employees to reduce costs, and continues discussions with more than 20 key contractors to formalise repayment schedules or settlement arrangements for outstanding construction fees, signalling ongoing but still unresolved efforts to stabilise its capital structure and protect stakeholder interests.
The most recent analyst rating on (HK:6968) stock is a Hold with a HK$0.07 price target. To see the full list of analyst forecasts on Ganglong China Property Group Limited stock, see the HK:6968 Stock Forecast page.
More about Ganglong China Property Group Limited
Ganglong China Property Group Limited is a mainland China-focused property developer listed in Hong Kong, operating through a group structure and primarily engaged in the development and sale of residential and related real estate projects. The company generates revenue from contracted property sales and relies on onshore bank borrowings and offshore notes as key funding sources for its operations and project development.
Average Trading Volume: 619,610
Technical Sentiment Signal: Sell
Current Market Cap: HK$118.4M
For detailed information about 6968 stock, go to TipRanks’ Stock Analysis page.