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Neway Group Clarifies Financial Results with Updated Borrowing Details

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Neway Group Clarifies Financial Results with Updated Borrowing Details

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Neway Group Holdings Limited ( (HK:0055) ) just unveiled an announcement.

Neway Group Holdings Limited has issued a clarification regarding its final results announcement for the year ended December 31, 2024. The company identified clerical errors in its previous announcement, specifically noting changes in its credit risk concentration and details of its borrowings. The concentration of credit risk increased, with 63% of total loans receivable due from two independent third parties, totaling approximately HK$19.4 million. Additionally, the company outlined its borrowings, including secured and unsecured bank borrowings, and lease liabilities, providing updated figures and interest rates.

More about Neway Group Holdings Limited

YTD Price Performance: -16.30%

Average Trading Volume: 285,902

Technical Sentiment Signal: Buy

Current Market Cap: HK$39.02M

See more data about 0055 stock on TipRanks’ Stock Analysis page.

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