Renco Holdings Group Ltd. (HK:2323) has released an update.
Renco Holdings Group Ltd. faces a crucial deadline as they must repay RMB170 million in outstanding loans by November 8, 2024, to avoid potential legal actions, including winding-up proceedings. The company is actively seeking financial assistance from substantial shareholders to address the liabilities and negotiating with lenders to extend the repayment schedule. Investors are advised to approach trading in Renco shares with caution amid these financial challenges.
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