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Glorious Property Holdings Faces Further Delays in Financial Reporting

Story Highlights
  • Glorious Property Holdings is delaying its 2024 and 2025 financial results due to audit and industry challenges.
  • The company aims to release 2024 results by January 2026, pending fund procurement from China.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Glorious Property Holdings Faces Further Delays in Financial Reporting

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Glorious Property Holdings Limited ( (HK:0845) ) just unveiled an announcement.

Glorious Property Holdings Limited has announced further delays in the publication of its 2024 Annual Results and 2025 Interim Results, primarily due to late audit commencement, personnel changes, and challenges in China’s real estate sector. The company is working to finalize the audit, but outstanding audit procedures and delayed professional fee payments have contributed to the postponement. The company aims to publish the 2024 Annual Results by January 31, 2026, contingent on securing necessary funds from its Chinese subsidiaries, which face foreign exchange restrictions. The delay in the 2024 results has also impacted the 2025 interim results, and trading suspension continues.

More about Glorious Property Holdings Limited

Glorious Property Holdings Limited is a company incorporated in the Cayman Islands, operating in the real estate industry. The company, along with its subsidiaries, is involved in property development and investment, with a focus on the Chinese market.

YTD Price Performance: -9.09%

Technical Sentiment Signal: Sell

Current Market Cap: HK$77.93M

Learn more about 0845 stock on TipRanks’ Stock Analysis page.

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