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The latest update is out from Golden Wheel Tiandi Holdings Co. Ltd. ( (HK:1232) ).
Golden Wheel Tiandi Holdings Co. Ltd. has announced an update on its debt restructuring efforts, specifically seeking to extend the Scheme Longstop Date from December 31, 2025, to either June 30, 2026, or shortly after receiving necessary regulatory approval. This extension is crucial as the company anticipates potential delays in obtaining the required regulatory consent to finalize the restructuring process. The company has already garnered support from a significant portion of its creditors, holding 43% of the voting claims, indicating a positive outlook for the proposed extension.
The most recent analyst rating on (HK:1232) stock is a Sell with a HK$0.50 price target. To see the full list of analyst forecasts on Golden Wheel Tiandi Holdings Co. Ltd. stock, see the HK:1232 Stock Forecast page.
More about Golden Wheel Tiandi Holdings Co. Ltd.
Golden Wheel Tiandi Holdings Co. Ltd. is a company incorporated in the Cayman Islands, operating with limited liability. It is listed on the Stock Exchange of Hong Kong Limited, focusing on real estate development and management, primarily in the Chinese market.
Average Trading Volume: 52,792
Technical Sentiment Signal: Strong Sell
Current Market Cap: HK$72.86M
Learn more about 1232 stock on TipRanks’ Stock Analysis page.