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Zensun Enterprises Limited ( (HK:0185) ) has shared an announcement.
Zensun Enterprises Limited has announced a default on its 7.0% senior notes due in 2025, following non-payment of interest due to liquidity pressures exacerbated by the challenging conditions in the Chinese real estate market. The company is actively engaging with noteholders to address the payment delays and is taking measures to improve its financial position, including promoting property sales and accelerating receivables collection.
More about Zensun Enterprises Limited
Zensun Enterprises Limited is a company incorporated in Hong Kong, operating within the real estate industry. The company, along with its subsidiaries, focuses on property sales and pre-sales, aiming to stabilize its business operations amidst challenging market conditions in the Chinese real estate sector.
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: €25.77M
For detailed information about 0185 stock, go to TipRanks’ Stock Analysis page.