Pak Tak International Limited (HK:2668) has released an update.
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Pak Tak International Limited is embroiled in legal proceedings after breaching loan agreements, with a court ruling that the company and its subsidiaries must repay significant debts and associated fees. While seeking legal advice, the company is negotiating with the bank for loan renewals and extended repayment deadlines. Investors are advised to remain cautious as the situation develops.
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