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Guangdong Adway Construction (Group) Holdings Co., Ltd. Class H ( (HK:6189) ) has shared an announcement.
Guangdong Adway Construction is facing significant financial challenges, as its bankruptcy restructuring application has been accepted by the court. The company is working on adjusting its restructuring plan and is actively seeking ways to improve its financial condition and maintain operations. The company’s auditor has issued a disclaimer of opinion on its financial statements due to uncertainties about its ability to continue as a going concern. Business operations have been severely impacted by liquidity constraints, resulting in the cancellation of most contracts in 2024. The company is negotiating with creditors for debt restructuring and seeking new investors to support operations. Trading of the company’s shares remains suspended.
More about Guangdong Adway Construction (Group) Holdings Co., Ltd. Class H
Guangdong Adway Construction (Group) Holdings Co., Ltd. is a company that provides professional and comprehensive building decoration services to both public and private sector clients in China.
Average Trading Volume: 341,486
Technical Sentiment Signal: Sell
Current Market Cap: HK$17.35M
See more insights into 6189 stock on TipRanks’ Stock Analysis page.