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Zhenro Properties Group Limited ( (HK:6158) ) has issued an update.
Zhenro Properties Group Limited has provided a quarterly update on its efforts to address a disclaimer of opinion issued on its 2024 financial statements, which highlighted material uncertainties over its ability to continue as a going concern. The company said all previously announced remedial measures remain in place, including ongoing negotiations with creditors over a holistic onshore and offshore restructuring plan, though it acknowledged that no significant progress has yet been made on that restructuring due to weak market conditions and constrained cash flow. From January to November 2025, Zhenro extended about RMB4.0 billion of onshore borrowings for up to five years with notable interest cost reductions, but it has not secured new loans or alternative financings in the period. The group is prioritizing preservation of property values over distressed sales, pursuing accelerated but non-fire-sale contracting, tightening cost controls and speeding up collection of sales proceeds, while also indicating it will continue to seek potential disposals of equity interests in project companies to bolster liquidity, although no such disposals have occurred so far. The update underscores that, despite some progress in liability extensions and expense savings, the company remains under significant financial pressure amid a prolonged downturn in China’s property sector, leaving stakeholders still exposed to uncertainty until a concrete restructuring plan is finalized.
The most recent analyst rating on (HK:6158) stock is a Sell with a HK$0.03 price target. To see the full list of analyst forecasts on Zhenro Properties Group Limited stock, see the HK:6158 Stock Forecast page.
More about Zhenro Properties Group Limited
Zhenro Properties Group Limited is a Mainland China-focused real estate developer incorporated in the Cayman Islands and listed in Hong Kong, primarily engaged in residential and related property development across multiple operating regions in the PRC. The group’s business centers on developing and selling property projects and managing its capital structure in a challenging Chinese property market.
YTD Price Performance: -55.22%
Average Trading Volume: 1,395,500
Technical Sentiment Signal: Sell
Current Market Cap: HK$131M
For detailed information about 6158 stock, go to TipRanks’ Stock Analysis page.