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The latest update is out from Li Bao Ge Group Ltd. ( (HK:1869) ).
Kafelaku Coffee Holding Limited has announced measures to address liquidity concerns and improve its financial position. The company has secured financial support from its controlling shareholder, Mr. Liang Naiming, and a loan facility from a related company, Guangzhou Kafelaku Coffee Chain Co. Ltd., to ensure it can meet its obligations and continue operations for at least the next twelve months. Additionally, the company is exploring further financing options with various financial institutions to bolster its working capital and commitments.
More about Li Bao Ge Group Ltd.
Average Trading Volume: 876,066
Technical Sentiment Signal: Sell
Current Market Cap: HK$121.3M
For an in-depth examination of 1869 stock, go to TipRanks’ Overview page.