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An update from LVGEM (China) Real Estate Investment Company Limited ( (HK:0095) ) is now available.
LVGEM (China) Real Estate Investment Company Limited has taken several steps to address a disclaimer of opinion issued by its auditor regarding the company’s ability to continue as a going concern. These measures include opposing a winding-up petition, negotiating with banks and creditors for debt restructuring, promoting bulk property sales, and cost control initiatives. The company has also completed the sale of a hotel property in California to improve its financial position. The board is committed to implementing these strategies and will provide quarterly updates to stakeholders.
More about LVGEM (China) Real Estate Investment Company Limited
LVGEM (China) Real Estate Investment Company Limited operates in the real estate industry, focusing on property development and investment. The company is involved in the sale and management of properties, with a market focus that includes both domestic and international real estate assets.
Average Trading Volume: 3,306,366
Technical Sentiment Signal: Sell
Current Market Cap: HK$1.31B
For a thorough assessment of 0095 stock, go to TipRanks’ Stock Analysis page.