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Pan Hong Holdings Group Limited ( (SG:P36) ) just unveiled an update.
Pan Hong Holdings Group Limited has announced that its subsidiary, Huzhou Pan Hong Runhe Property Development Limited, is unable to repay a bank loan of RMB25,500,000 due on October 30, 2025, resulting in a default under the loan agreements. The company has provided property units as collateral and is negotiating with the bank for refinancing or an extension of the loan’s maturity date. Despite the default, the company believes the risk of liquidation is low due to the collateral’s value exceeding the loan amount. Additionally, the default may impact other subsidiaries with outstanding loans due by May 2026, potentially triggering rights for another bank to demand accelerated repayment.
More about Pan Hong Holdings Group Limited
Average Trading Volume: 318,079
Technical Sentiment Signal: Sell
Current Market Cap: S$30.23M
Learn more about P36 stock on TipRanks’ Stock Analysis page.