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An update from JY Grandmark Holdings Limited ( (HK:2231) ) is now available.
JY Grandmark Holdings Limited has announced measures to address a disclaimer of opinion issued by auditors regarding its financial statements for the year ending December 2024, which raised concerns about the company’s ability to continue as a going concern. To mitigate liquidity pressures, the company is negotiating with lenders to renew and extend repayment terms for defaulted borrowings, adjusting pre-sales and sales activities to meet market demands, and seeking alternative financing options. These efforts aim to stabilize the company’s financial position and ensure continued operations.
The most recent analyst rating on (HK:2231) stock is a Sell with a HK$0.15 price target. To see the full list of analyst forecasts on JY Grandmark Holdings Limited stock, see the HK:2231 Stock Forecast page.
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, sales, and management, primarily in the Chinese market.
Average Trading Volume: 817,145
Technical Sentiment Signal: Sell
Current Market Cap: HK$263.4M
For detailed information about 2231 stock, go to TipRanks’ Stock Analysis page.