Claim 70% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Pak Tak International Limited ( (HK:2668) ) has issued an announcement.
Pak Tak International Limited has provided a quarterly update on its efforts to address a disclaimer of opinion and going concern issues, focusing on restructuring defaulted bank borrowings, securing financial backing, and improving liquidity. The group is negotiating settlement terms for two significant defaulted bank loans, including one where an appeal has been dismissed and repayment obligations affirmed, while maintaining close coordination with its substantial shareholder Tengyue for potential financial support. Management is accelerating receivables collection, exploring new banking facilities secured against investment properties, and investing in the expansion and efficiency of its iron ore mining and milling operations, which, though not yet at full capacity, are expected to enhance long‑term profitability and strengthen the company’s liquidity position.
The most recent analyst rating on (HK:2668) stock is a Sell with a HK$0.09 price target. To see the full list of analyst forecasts on Pak Tak International Limited stock, see the HK:2668 Stock Forecast page.
More about Pak Tak International Limited
Pak Tak International Limited, incorporated in Bermuda and listed in Hong Kong, operates diversified businesses that now include an iron ore mining and processing segment, which the group is developing as a core part of its long‑term strategy to improve profitability and cash flow.
Average Trading Volume: 2,513,449
Technical Sentiment Signal: Strong Sell
Current Market Cap: HK$726.3M
For an in-depth examination of 2668 stock, go to TipRanks’ Overview page.