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An update from Pak Tak International Limited ( (HK:2668) ) is now available.
Pak Tak International Limited has announced significant progress in addressing its financial challenges, specifically the disclaimer of opinion regarding its going concern status. The company has successfully restructured a defaulted bank loan and is negotiating the terms of another, while also securing financial support from its substantial shareholder, Tengyue Holding Limited. Additionally, Pak Tak is actively working on collecting receivables and exploring additional banking facilities to strengthen its cash flow and maintain operational liquidity.
More about Pak Tak International Limited
Pak Tak International Limited is a company incorporated in Bermuda, operating with its subsidiaries in various sectors. The company is listed on the Hong Kong Stock Exchange and is involved in financial restructuring and management of its financial obligations.
Average Trading Volume: 18,073,433
Technical Sentiment Signal: Sell
Current Market Cap: HK$399.7M
Learn more about 2668 stock on TipRanks’ Stock Analysis page.