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The latest update is out from Greater Bay Area Dynamic Growth Holding Limited ( (HK:1189) ).
Greater Bay Area Dynamic Growth Holding Limited has announced a quarterly update on its business operations and the continued suspension of trading of its shares. The company revealed an unauthorized disposal of its 70% equity interest in Rosedale Hotel Shenyang, which was executed by a former executive director without proper authorization. Despite this, the company maintains that the beneficial ownership remains with them. Meanwhile, the operations of Rosedale Hotel Guangzhou remain stable, with no significant irregularities reported since the suspension of trading.
More about Greater Bay Area Dynamic Growth Holding Limited
Greater Bay Area Dynamic Growth Holding Limited is primarily engaged in the hotel operations sector in the People’s Republic of China. The company focuses on managing and operating hotels, with a significant presence in cities like Guangzhou.
Technical Sentiment Signal: Sell
Current Market Cap: HK$37.88M
See more insights into 1189 stock on TipRanks’ Stock Analysis page.