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LVGEM (China) Real Estate Investment Company Limited ( (HK:0095) ) has shared an update.
LVGEM (China) Real Estate Investment Company Limited is addressing a disclaimer of opinion from its auditor regarding its financial statements for the year ended December 31, 2024, which raised concerns about the company’s ability to continue as a going concern. The company has implemented several measures to mitigate liquidity pressures, including negotiating with banks for extended facilities, restructuring debts with creditors, promoting property sales, and reducing costs. Notably, the company completed the sale of a hotel property in California for $20 million to improve its financial position. These efforts aim to resolve the financial issues and reassure stakeholders.
The most recent analyst rating on (HK:0095) stock is a Sell with a HK$0.50 price target. To see the full list of analyst forecasts on LVGEM (China) Real Estate Investment Company Limited stock, see the HK:0095 Stock Forecast page.
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 engages in the development of residential, commercial, and hotel properties, with a market focus on China and international locations such as the United States.
Average Trading Volume: 2,752,468
Technical Sentiment Signal: Sell
Current Market Cap: HK$1.54B
Learn more about 0095 stock on TipRanks’ Stock Analysis page.