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Renco Holdings Group Ltd. ( (HK:2323) ) just unveiled an announcement.
Renco Holdings Group Limited has received a statutory demand from Tian Yuan’s legal representatives, requiring payment of over HK$1 billion due to a 2019 Loan Agreement and Guarantee. The company acknowledges its inability to repay the amount within the stipulated time and is exploring options, including negotiating an extension and seeking professional advice, to address the financial challenge.
More about Renco Holdings Group Ltd.
Renco Holdings Group Limited is a company incorporated in Bermuda with limited liability, and it operates through its subsidiaries. The company is listed on the Stock Exchange of Hong Kong Limited.
Technical Sentiment Signal: Hold
Current Market Cap: €5.92M
For an in-depth examination of 2323 stock, go to TipRanks’ Stock Analysis page.