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Zensun Enterprises Limited ( (HK:0185) ) has provided an update.
Zensun Enterprises Limited announced the delisting of its 7.0% senior notes due 2025 from the Hong Kong Stock Exchange following their maturity. The company has been unable to meet its payment obligations for these notes due to ongoing liquidity pressures exacerbated by the challenging conditions in the Chinese real estate market. Despite these difficulties, Zensun remains committed to maintaining normal business operations and is actively working to improve its financial position through property sales and other measures.
More about Zensun Enterprises Limited
Zensun Enterprises Limited is a company incorporated in Hong Kong, operating within the Chinese real estate industry. The company, along with its subsidiaries, focuses on property development and sales, facing significant challenges due to market contractions affecting cash flows and pre-sales volumes.
Average Trading Volume: 1,578,107
Technical Sentiment Signal: Sell
Current Market Cap: HK$220M
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