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The latest update is out from Momentum Financial Holdings Limited ( (HK:1152) ).
Momentum Financial Holdings Limited has received a statutory demand from Forever Brilliance International Group Co., Limited, demanding payment of HK$50,881,644 related to outstanding convertible bonds. The company is seeking legal advice and intends to negotiate with Forever Brilliance. The statutory demand does not impact the company’s ongoing debt restructuring efforts, which involve other creditors. Trading in the company’s shares, previously halted, is set to resume.
More about Momentum Financial Holdings Limited
YTD Price Performance: 69.33%
Average Trading Volume: 1,560,187
Technical Sentiment Consensus Rating: Sell
Current Market Cap: HK$124.7M
See more insights into 1152 stock on TipRanks’ Stock Analysis page.