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Geotech Holdings Ltd. ( (HK:1707) ) has shared an update.
Geotech Holdings Ltd. has disclosed that a liquidation application has been filed in the BVI High Court against Praise Marble Limited, a wholly owned subsidiary of the group. The petition was brought by the BVI Attorney General, but no hearing has yet been scheduled and no winding-up order has been granted at this stage.
The company is seeking further information and professional advice on the implications of the case and has cautioned shareholders and potential investors to exercise care when dealing in its shares, signalling potential legal and financial uncertainty around the subsidiary until the court process and its impact become clearer.
The most recent analyst rating on (HK:1707) stock is a Sell with a HK$0.05 price target. To see the full list of analyst forecasts on Geotech Holdings Ltd. stock, see the HK:1707 Stock Forecast page.
More about Geotech Holdings Ltd.
Average Trading Volume: 3,096,000
Technical Sentiment Signal: Sell
Current Market Cap: HK$87.36M
See more data about 1707 stock on TipRanks’ Stock Analysis page.