Prosper Construction Moves to Rectify Late-Approved Major Acquisition in Debt-Settlement Deal

Prosper Construction Holdings Limited ( (HK:6816) ) has provided an announcement.

Prosper Construction Holdings Limited, through a non-wholly-owned subsidiary, provides construction services as a subcontractor to property developers in mainland China and has maintained significant commercial ties with counterparties in the PRC property development sector since 2011. The company has disclosed that a June 2025 debt-settlement transaction, in which its subsidiary acquired properties in Qingdao worth RMB34.6 million from two vendor partners to offset past-due construction receivables, was completed before obtaining required shareholder approval and circular filings under Hong Kong’s Listing Rules for a major transaction; the board has acknowledged this one-off technical non-compliance and is now taking remedial steps by fully disclosing the deal and seeking shareholder ratification, while noting that the arrangement substantially reduced outstanding receivables and that the vendors no longer owe past-due amounts to the group.

The most recent analyst rating on (HK:6816) stock is a Hold with a HK$0.22 price target. To see the full list of analyst forecasts on Prosper Construction Holdings Limited stock, see the HK:6816 Stock Forecast page.

More about Prosper Construction Holdings Limited

Prosper Construction Holdings Limited is a Hong Kong-listed construction group incorporated in the Cayman Islands, operating primarily through subsidiaries that provide construction services as subcontractors for property development projects in mainland China, including longstanding relationships with developers in regions such as Qingdao, Shandong Province.

Average Trading Volume: 114,333

Technical Sentiment Signal: Sell

Current Market Cap: HK$144M

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