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Road King Infrastructure ( (HK:1098) ) has issued an announcement.
Road King Infrastructure Limited has announced a suspension of payments on its offshore bank debt, notes, and perpetual securities due to liquidity pressures and market downturns. Despite efforts to manage its obligations, the company faces challenges from sluggish sales, tightened credit, and geopolitical tensions affecting asset sales. The company plans to explore a holistic restructuring solution to secure its long-term future, aiming to benefit all creditors and stakeholders.
More about Road King Infrastructure
Road King Infrastructure Limited is a company incorporated in Bermuda, operating primarily in the real estate and infrastructure sectors. The company focuses on managing offshore liabilities and liquidity, with a significant presence in the real estate market of the People’s Republic of China.
Average Trading Volume: 157,530
Technical Sentiment Signal: Sell
Current Market Cap: HK$651.9M
For a thorough assessment of 1098 stock, go to TipRanks’ Stock Analysis page.
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