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PT International Development Corporation Limited ( (HK:0372) ) has shared an announcement.
PT International Development Corporation Limited reported further actions to address the disclaimer of opinion on its 2024–2025 financial statements, which stemmed from going-concern uncertainties and liquidity pressure. The group is negotiating a potential equity subscription with a state-owned enterprise affiliate, seeking new bank and asset management loans, and working to secure covenant waivers or amendments from Guilin Bank while noting the bank has not sought immediate repayment so far.
The company also outlined ongoing legal strategies over multiple disputes, including appeals and retrial applications in cases involving oil storage tank sale-and-leaseback contracts with Lianwei and a separate civil complaint concerning an alleged loan. Court judgments have ordered significant payments in favour of Lianwei, but enforcement is currently stayed pending appeals, and the group continues to work with PRC legal advisers to defend its position, a process that remains critical to its financial stability and resolution of the auditor’s disclaimer.
The most recent analyst rating on (HK:0372) stock is a Hold with a HK$0.24 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, incorporated in Bermuda and listed in Hong Kong, operates in the trading and logistics sector with exposure to oil storage tank leasing through its subsidiary Guangming. The group relies on bank financing and structured leaseback arrangements and is currently focused on managing liquidity and legal risks tied to its Mainland China operations.
Average Trading Volume: 310,704
Technical Sentiment Signal: Sell
Current Market Cap: HK$87.8M
Learn more about 0372 stock on TipRanks’ Stock Analysis page.