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Road King Infrastructure ( (HK:1098) ) has shared an update.
Road King Infrastructure Limited announced that a liquidation application was filed against its wholly-owned subsidiary, New Select Global Limited, in the Virgin Islands court concerning notes with an alleged outstanding principal amount of over $441 million. The company is seeking legal advice and engaging with the petitioner to resolve the issue, asserting that the application does not materially affect its operations or financial position. Road King is committed to maintaining stakeholder confidence and ensuring the continuation of its business operations and value preservation efforts.
The most recent analyst rating on (HK:1098) stock is a Hold with a HK$0.50 price target. To see the full list of analyst forecasts on Road King Infrastructure stock, see the HK:1098 Stock Forecast page.
More about Road King Infrastructure
Road King Infrastructure Limited is a company incorporated in Bermuda, operating primarily in the infrastructure sector. The company focuses on the development and management of toll roads and property development projects, with a market presence in various regions.
Average Trading Volume: 181,045
Technical Sentiment Signal: Sell
Current Market Cap: HK$517M
Find detailed analytics on 1098 stock on TipRanks’ Stock Analysis page.