Renco Holdings Group Ltd. (HK:2323) has released an update.
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Renco Holdings Group Ltd. faces a financial challenge as it may not be able to repay the outstanding loan amount and accrued interest by the deadline set by the lender. The company has received multiple demand letters, with the latest setting a repayment deadline of June 28, 2024, for approximately RMB 268.9 million. They are currently seeking professional advice and considering their options, including potential legal action.
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