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Guangdong Adway Construction (Group) Holdings Co., Ltd. Class H ( (HK:6189) ) just unveiled an update.
Guangdong Adway Construction is experiencing severe financial difficulties, with its building decorative business deteriorating significantly over recent years. The company has been unable to secure sufficient funding, resulting in delays, suspensions, and terminations of projects, and a drastic drop in revenue. The company’s financial constraints are exacerbated by liquidity issues, defaulted loans, and a substantial amount of net liabilities, casting doubt on its viability and sustainability.
More about Guangdong Adway Construction (Group) Holdings Co., Ltd. Class H
Guangdong Adway Construction (Group) Holdings Co., Ltd. operates in the building decorative industry, primarily focusing on construction projects. The company has been facing challenges in maintaining its operations due to a significant downturn in the real estate market in China and the impact of the COVID-19 pandemic.
Average Trading Volume: 92,539
Technical Sentiment Signal: Strong Sell
Current Market Cap: HK$28.67M
For an in-depth examination of 6189 stock, go to TipRanks’ Overview page.