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Tai United Holdings ( (HK:0718) ) has provided an announcement.
Tai United Holdings Limited announced a consensus reached with five borrowers regarding a litigation claim involving its subsidiary, Guangzhou Rongzhi. The agreement, which reduces liabilities by approximately RMB569.9 million, is not expected to adversely affect the company’s operations or working capital. A subsequent settlement agreement with Stone Wealth Limited and Mr. Dai Yongge aims to further reduce Guangzhou Rongzhi’s external debt by at least RMB280.6 million, enhancing financial stability.
More about Tai United Holdings
Tai United Holdings Limited operates in various sectors, including shopping mall management in the PRC, trading of flooring materials and medical equipment, and has inactive ventures in mining and natural resource exploitation.
YTD Price Performance: -3.33%
Average Trading Volume: 408,261
Technical Sentiment Signal: Strong Buy
Current Market Cap: HK$152.3M
Find detailed analytics on 0718 stock on TipRanks’ Stock Analysis page.