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Golden Wheel Tiandi Holdings Co. Ltd. ( (HK:1232) ) has issued an announcement.
Golden Wheel Tiandi Holdings Company Limited has secured consent from a majority of its scheme creditors to extend the longstop date under its offshore debt restructuring scheme, providing additional time for the implementation of its restructuring of existing notes. The scheme longstop date has been pushed back from 31 December 2025 to the earlier of 30 June 2026 or the 15th business day after receipt of necessary regulatory approvals, with all other restructuring terms unchanged, giving the company more breathing room to complete the process while shareholders and potential investors are urged to exercise caution in dealing in its securities.
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 Company Limited is a Cayman Islands–incorporated company listed in Hong Kong, operating through its subsidiaries in the property sector, with funding historically supported by issuances of senior notes in the international capital markets.
Average Trading Volume: 49,304
Technical Sentiment Signal: Strong Sell
Current Market Cap: HK$72.86M
For a thorough assessment of 1232 stock, go to TipRanks’ Stock Analysis page.