JY Grandmark Steps Up Debt Talks and Financing Efforts Amid Going-Concern Doubts

JY Grandmark Holdings Limited ( (HK:2231) ) just unveiled an update.

JY Grandmark Holdings Limited has provided an update on its efforts to resolve a disclaimer of opinion issued on its 2024 financial statements, which highlighted significant uncertainty over the group’s ability to continue as a going concern. As of 31 December 2025, the company reported total bank and other borrowings of about RMB3.06 billion, including approximately RMB1.57 billion in default and a further RMB131 million subject to cross-default provisions, though lenders other than one named creditor have not yet demanded immediate repayment. Management is in active negotiations with lenders to renew and extend repayment terms and is working with advisers and creditors on a broader debt restructuring plan. The group is also intensifying pre-sales and sales initiatives to accelerate the disposal of properties under development and completed units, reporting contracted sales of about RMB266 million over the 12 months to 31 December 2025, while simultaneously pursuing alternative financing channels and potential government support to alleviate liquidity pressure and stabilise its capital structure.

The most recent analyst rating on (HK:2231) stock is a Sell with a HK$0.09 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 Hong Kong-listed property developer operating through subsidiaries in mainland China. The group focuses on the development and sale of residential and related real estate projects, generating revenue primarily from property pre-sales and contracted sales in its target markets.

Average Trading Volume: 292,628

Technical Sentiment Signal: Sell

Current Market Cap: HK$135M

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