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Glory Sun Financial Group Limited ( (HK:1282) ) has provided an announcement.
Glory Sun Financial Group Limited has announced the disposal of a property located in Lippo Centre, Hong Kong, for HK$35,854,000. This decision comes as a strategic move to improve the company’s liquidity amid a downturn in the Hong Kong property market, particularly in the commercial and industrial segments. The sale is expected to enhance the company’s short-term cash position, allowing it to meet administrative expenses and finance costs, thereby supporting ongoing business operations.
More about Glory Sun Financial Group Limited
Glory Sun Financial Group Limited is engaged in the business of automation, property investment and development, financial services, and securities investment.
Average Trading Volume: 4,114,044
Technical Sentiment Signal: Buy
Current Market Cap: HK$404.7M
For a thorough assessment of 1282 stock, go to TipRanks’ Stock Analysis page.