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Winshine Science Co., Ltd. ( (HK:0209) ) has shared an update.
Winshine Science Co., Ltd. has announced several measures to address liquidity and financial challenges, following a disclaimer of opinion on its going concern status. The company completed a placing agreement to raise funds, which are being used to repay loans, settle fees, and support working capital. Additionally, the company is negotiating with bondholders and financial advisers to manage outstanding debts and is implementing cost-control measures in its toy production segment to improve financial stability.
More about Winshine Science Co., Ltd.
Winshine Science Co., Ltd. operates in the manufacturing industry, focusing on the production of toys. The company is engaged in efforts to streamline its operations and reduce costs, particularly in its toys segment, by optimizing production processes and controlling labor expenses.
Average Trading Volume: 4,703,178
Technical Sentiment Signal: Sell
Current Market Cap: HK$40.86M
For a thorough assessment of 0209 stock, go to TipRanks’ Stock Analysis page.