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Jianzhong Construction Development Updates on Trading Resumption Progress

Story Highlights
  • Jianzhong Construction is working to resume trading by addressing financial and compliance issues.
  • The company expects to publish its 2023 and 2024 results by July 2025 to restore market confidence.
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Jianzhong Construction Development Updates on Trading Resumption Progress

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Jianzhong Construction Development Limited ( (HK:0589) ) has issued an update.

Jianzhong Construction Development Limited has announced a quarterly update on its progress towards resuming trading of its shares on the Hong Kong Stock Exchange. The company is addressing several issues, including publishing outstanding financial results and conducting an independent investigation into undisclosed related party transactions. The audit work for their 2023 and 2024 annual results is expected to be completed by mid-July 2025, with publication anticipated by the end of July 2025. This progress is crucial for restoring market confidence and ensuring compliance with regulatory requirements.

More about Jianzhong Construction Development Limited

Jianzhong Construction Development Limited is a company incorporated in the Cayman Islands, primarily engaged in the construction industry. The company, along with its subsidiaries, focuses on construction development projects and is listed on the Hong Kong Stock Exchange.

Technical Sentiment Signal: Sell

Current Market Cap: HK$118.7M

Learn more about 0589 stock on TipRanks’ Stock Analysis page.

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