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An update from GOME Retail Holdings ( (HK:0493) ) is now available.
GOME Retail Holdings Limited has provided an update on its action plan to address the auditor’s disclaimer of opinion regarding its financial statements for FY2024. The company is actively negotiating debt-to-equity swaps with suppliers and financial institutions, reaching preliminary agreements involving RMB1,290 million. Additionally, it is working on restructuring convertible bonds with JD.com and Pinduoduo, and negotiating loan covenant revisions with lenders. The company aims to restore its supply chain and improve cash flow through these measures, although consensus with major suppliers is yet to be achieved.
More about GOME Retail Holdings
GOME Retail Holdings Limited is a company incorporated in Bermuda, operating within the retail industry. It focuses on providing a range of retail products and services, with a market presence that involves various suppliers, service providers, and financial institutions.
YTD Price Performance: -10.0%
Average Trading Volume: 62,650,315
Technical Sentiment Signal: Strong Sell
Current Market Cap: HK$839M
For a thorough assessment of 0493 stock, go to TipRanks’ Stock Analysis page.