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The latest update is out from JY Grandmark Holdings Limited ( (HK:2231) ).
JY Grandmark Holdings Limited has announced updates regarding a disclaimer of opinion issued by its auditors, D & Partners CPA Limited, on the company’s consolidated financial statements for the year ended December 31, 2024. The disclaimer was due to uncertainties about the company’s ability to continue as a going concern. To address these issues, the company has taken steps to negotiate the renewal and extension of repayment terms for its significant borrowings, including those in default and cross-default status. The company is also working on a debt restructuring plan with its creditors to improve its financial position.
More about JY Grandmark Holdings Limited
JY Grandmark Holdings Limited is a company incorporated in the Cayman Islands, operating in the real estate industry. The company, along with its subsidiaries, focuses on property development and management, primarily in the Chinese market.
Average Trading Volume: 20,408
Technical Sentiment Signal: Sell
Current Market Cap: HK$266.7M
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