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The latest announcement is out from PT International Development Corporation Limited ( (HK:0372) ).
PT International Development Corporation Limited announced measures to address a disclaimer of opinion on its financial statements for the year ended 31 March 2024. The company has entered into a memorandum of understanding with Guangxi Linghang International Logistics Company Limited for a potential capital injection into its subsidiary, Guangxi Guangming Warehouse Storage Limited. This potential subscription aims to alleviate liquidity pressures by repaying outstanding debts. Additionally, the company is negotiating with Guilin Bank to resolve issues related to existing bank loans, with expectations of resolution by March 2026.
The most recent analyst rating on (HK:0372) stock is a Hold with a HK$0.50 price target. To see the full list of analyst forecasts on PT International Development Corporation Limited stock, see the HK:0372 Stock Forecast page.
More about PT International Development Corporation Limited
PT International Development Corporation Limited is a company incorporated in Bermuda with limited liability. It operates in the logistics and storage industry, with a focus on warehouse storage solutions. The company is involved in strategic partnerships and capital injections to enhance its financial stability and operational capacity.
Average Trading Volume: 297,028
Technical Sentiment Signal: Hold
Current Market Cap: HK$89.31M
Find detailed analytics on 0372 stock on TipRanks’ Stock Analysis page.