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Rimbaco Group Global Limited ( (HK:1953) ) just unveiled an update.
Rimbaco Group Global Limited entered into a settlement agreement with Crimson Omega to resolve outstanding receivables, which involves transferring lands and apartments to Rimbaco. This agreement, deemed fair and beneficial for the company, addresses Crimson Omega’s financial difficulties and Rimbaco’s need for asset liquidity, enabling the company to enhance cash flow and meet operational expenses.
More about Rimbaco Group Global Limited
Rimbaco Group Global Limited operates in the construction and property development industry, focusing on developing residential and commercial properties. The company is committed to building infrastructures that cater to contemporary market demands.
YTD Price Performance: -6.15%
Average Trading Volume: 180,365
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: HK$153.7M
Find detailed analytics on 1953 stock on TipRanks’ Stock Analysis page.