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Shanghai XNG Holdings Limited ( (HK:3666) ) has issued an announcement.
Shanghai XNG Holdings Limited has been actively implementing measures to address its going concern issue as highlighted in its 2024 annual report. The company has made progress in negotiating new borrowings, refinancing existing loans, and raising funds through new share placements. Additionally, it has secured rental reductions and supplier discounts to improve its financial position. These efforts aim to enhance liquidity, reduce costs, and ensure the company’s financial obligations are met.
More about Shanghai XNG Holdings Limited
Shanghai XNG Holdings Limited operates in the financial sector, focusing on managing liquidity and financial stability. The company is involved in activities such as obtaining new borrowings, refinancing existing facilities, and seeking new funding sources.
Average Trading Volume: 1,808,862
Technical Sentiment Signal: Sell
Current Market Cap: HK$71.7M
For an in-depth examination of 3666 stock, go to TipRanks’ Overview page.