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PT International Development Corporation Addresses Financial Concerns

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PT International Development Corporation Addresses Financial Concerns

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PT International Development Corporation Limited ( (HK:0372) ) has issued an announcement.

PT International Development Corporation Limited has issued a supplemental announcement addressing a disclaimer of opinion in its annual report for the year ended 31 March 2024. The company is taking steps to mitigate liquidity pressures and improve its financial position. It is in negotiations with Guilin Bank to revise loan covenants, and expects resolution by 31 March 2026. Additionally, the company is considering the disposal of underlying assets managed by a fund, including shares of STX Corporation Limited and STX Green Logis Ltd., to improve financial stability.

More about PT International Development Corporation Limited

PT International Development Corporation Limited is a company incorporated in Bermuda with limited liability, focusing on international development projects. The company operates through its subsidiaries, engaging in various business activities.

Average Trading Volume: 406,701

Technical Sentiment Signal: Sell

Current Market Cap: HK$110.5M

See more data about 0372 stock on TipRanks’ Stock Analysis page.

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