Momentum Financial Holdings Limited (HK:1152) has released an update.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Momentum Financial Holdings Limited has received a statutory demand for the repayment of HK$20.3 million, including interest, on a promissory note. The company acknowledges its substantial outstanding debts and expresses concern over potential cross-default consequences. Management is consulting advisors and negotiating with creditors to explore repayment options, as the company’s viability is at stake.
For further insights into HK:1152 stock, check out TipRanks’ Stock Analysis page.