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Shanghai XNG Holdings Limited ( (HK:3666) ) has issued an announcement.
Shanghai XNG Holdings Limited is actively addressing its financial challenges, particularly the going concern issue highlighted by its auditor. The company is negotiating new borrowings, refinancing existing loans, and exploring equity fundraising to improve liquidity. Additionally, it is implementing cost controls and rebranding efforts to streamline operations and better align with consumer trends. These measures aim to stabilize the company’s financial position and ensure continued operations.
More about Shanghai XNG Holdings Limited
Shanghai XNG Holdings Limited operates in the hospitality industry, focusing on restaurant operations. The company is involved in establishing new dining venues with lower overhead costs, targeting trendier locations with a customer base that has higher spending power.
Average Trading Volume: 6,173,119
Technical Sentiment Signal: Buy
Current Market Cap: HK$95.6M
See more data about 3666 stock on TipRanks’ Stock Analysis page.