Glorious Property Updates Audit Progress and Operations Amid Prolonged Trading Suspension

Glorious Property Holdings Limited ( (HK:0845) ) has issued an update.

Glorious Property Holdings Limited has provided a quarterly update on its progress toward resuming share trading, noting that audit procedures for the fair value of its investment properties relating to the 2024 financial year have been completed, while work on updating disclosures for bank and other borrowings remains outstanding. The company expects to publish its 2024 annual results on or before 31 March 2026, contingent on its ability to settle outstanding professional fees, particularly audit fees, which are being funded from mainland Chinese subsidiaries and are subject to strict foreign exchange controls. Despite the continued suspension of trading in its shares since April 2025, the group reports that its business operations remain normal in all material respects, having sold and delivered more than 15,000 square metres of property in the nine months to 30 September 2025 from 12 projects in its key regional markets, and it continues efforts to advance construction, sales and deliveries, as well as to lease and sell office and retail properties while working to ease liquidity pressure and improve its debt position.

More about Glorious Property Holdings Limited

Glorious Property Holdings Limited is a Cayman Islands-incorporated property developer principally engaged in the development and sale of high-quality residential and commercial properties in key economic cities across mainland China, including the Shanghai Region, the Yangtze River Delta, the Pan Bohai Rim and Northeast China. The group also focuses on leasing and selling office buildings and retail shops within these core markets.

Technical Sentiment Signal: Strong Sell

Current Market Cap: HK$77.93M

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