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Realord Group Holdings Limited ( (HK:1196) ) just unveiled an update.
Realord Group Holdings Limited announced that a winding-up petition has been filed against its subsidiary, Realord International Financial Limited, by Ms. Lung Chung Mei Beatrice in the High Court of Hong Kong. The petition concerns an outstanding payment of HK$12,000,000 related to a sale and purchase agreement from 2018. Despite the legal proceedings, the company believes the claimed amount will not materially impact its operations or financial position and is seeking to resolve the dispute amicably while keeping shareholders informed.
The most recent analyst rating on (HK:1196) stock is a Hold with a HK$11.50 price target. To see the full list of analyst forecasts on Realord Group Holdings Limited stock, see the HK:1196 Stock Forecast page.
More about Realord Group Holdings Limited
Realord Group Holdings Limited operates in the financial services industry through its subsidiary, Realord International Financial Limited (RIF). RIF is an investment holding company incorporated in the British Virgin Islands, primarily engaged in corporate finance advisory, asset management, securities brokerage services, money lending, and margin financing. The RIF Group contributed significantly to the company’s revenue and assets in the year ending December 2024.
Average Trading Volume: 2,801,214
Technical Sentiment Signal: Buy
Current Market Cap: HK$17.35B
See more insights into 1196 stock on TipRanks’ Stock Analysis page.