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The latest announcement is out from Richly Field China Development Limited ( (HK:0313) ).
Richly Field China Development Limited has provided an update on steps it is taking to address the disclaimer of opinion issued by its auditors on the group’s consolidated financial statements for the year ended 31 March 2025. The company is pursuing multiple measures, including efforts to restart its Qinhuangdao property project and further develop its Yinchuan project, securing continued financial backing from related parties, expanding its property management business, exploring new financing channels and investment opportunities, and tightening cost controls. Since the annual report, the group has held discussions with more than ten potential independent investors or partners for the resumption of the Qinhuangdao project and is in advanced talks with one potential investor on key cooperation terms such as capital injection, shareholding, governance, and profit sharing. However, despite a slight improvement in sentiment in China’s property market, investors remain cautious and no definitive agreements have been signed, leaving the group still negotiating to secure the partnerships needed to move the project forward and, in turn, to resolve the audit issues affecting its financial statements.
The most recent analyst rating on (HK:0313) stock is a Hold with a HK$0.08 price target. To see the full list of analyst forecasts on Richly Field China Development Limited stock, see the HK:0313 Stock Forecast page.
More about Richly Field China Development Limited
Richly Field China Development Limited is a property developer with projects in mainland China, including the Qinhuangdao and Yinchuan property projects, and is also involved in property management activities. The group focuses on real estate development and related services, and relies in part on financial support from related companies and external financing to sustain and expand its operations.
Average Trading Volume: 7,707,603
Technical Sentiment Signal: Strong Sell
Current Market Cap: HK$102.7M
Find detailed analytics on 0313 stock on TipRanks’ Stock Analysis page.