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The latest update is out from Xinming China Holdings Limited ( (HK:2699) ).
Xinming China Holdings Limited has announced measures to address a disclaimer of opinion in its 2024 Annual Report, focusing on improving its financial position and mitigating liquidity pressures. The company is actively negotiating with financial institutions for loan renewals and additional financing, conducting a rights issue to raise approximately HK$78.3 million, and accelerating property sales to generate cash. These steps are intended to stabilize the company’s operations and enhance its market positioning.
More about Xinming China Holdings Limited
Xinming China Holdings Limited is a company incorporated in the Cayman Islands, focusing on property development, with projects such as the Shandong Project. The company is involved in the pre-sale and sale of properties under development and completed properties, aiming to generate cash inflows.
Average Trading Volume: 270,034
Technical Sentiment Signal: Hold
Current Market Cap: HK$125.9M
For detailed information about 2699 stock, go to TipRanks’ Stock Analysis page.