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An announcement from Skyfame Realty (Holdings) Ltd ( (HK:0059) ) is now available.
Skyfame Realty (Holdings) Limited has provided a quarterly update on its efforts to resume trading on the Hong Kong Stock Exchange, outlining progress toward meeting resumption guidance set by the exchange following the company’s winding-up order and prolonged suspension of its shares and debt securities. The company, under the control of joint provisional liquidators, is investigating its affairs, securing books and records, and working to preserve and realise group assets with the aim of formulating a restructuring plan that would satisfy listing rule requirements, lift the winding-up order, and restore value for creditors and other stakeholders. The Stock Exchange has imposed a hard deadline of 30 September 2026, after which it may cancel the company’s listing if trading has not resumed, underscoring the high stakes for investors as the JPLs seek potential investors and a viable restructuring solution while trading in Skyfame’s shares and bonds remains suspended until further notice.
More about Skyfame Realty (Holdings) Ltd
Skyfame Realty (Holdings) Limited, incorporated in Bermuda and currently in liquidation, operates in the property development and real estate sector through its subsidiaries. The group has listed shares and multiple tranches of listed bonds on the Hong Kong Stock Exchange, and its business focus has left it exposed to sector-wide financial stress that has culminated in winding-up proceedings and the appointment of joint provisional liquidators (JPLs).
Technical Sentiment Signal: Strong Sell
Current Market Cap: HK$84.46M
Find detailed analytics on 0059 stock on TipRanks’ Stock Analysis page.