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The latest announcement is out from Zhenro Properties Group Limited ( (HK:6158) ).
Zhenro Properties Group Limited has announced a preliminary restructuring plan to address a disclaimer of opinion expressed by its auditors regarding the company’s financial statements and going concern status. The plan, which aims to manage both offshore and onshore debts, may include debt conversion to equity, extension of debt maturity, debt write-offs, or settlement using company assets. The success of the restructuring plan is contingent on agreements with creditors and may require regulatory and shareholder approvals.
More about Zhenro Properties Group Limited
Zhenro Properties Group Limited is a real estate company incorporated in the Cayman Islands, focusing on property development and management primarily in China. The company is listed on the Hong Kong Stock Exchange and is involved in both residential and commercial real estate projects.
YTD Price Performance: -41.79%
Average Trading Volume: 1,663,100
Technical Sentiment Signal: Sell
Current Market Cap: HK$170.3M
For detailed information about 6158 stock, go to TipRanks’ Stock Analysis page.