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Zhuguang Holdings Group Co., Ltd. ( (HK:1176) ) has provided an update.
Zhuguang Holdings Group Co., Ltd. has issued a supplemental announcement regarding its efforts to address a disclaimer of opinion in its 2024 Annual Report. The company is actively engaging with lenders to manage over HK$3 billion in outstanding loans and is negotiating refinancing options to strengthen its financial position. Recent achievements include collecting over HK$17 million from urban redevelopment projects and securing new contracts valued at over HK$27 million. Additionally, Zhuguang Holdings is implementing cost reduction measures, including workforce streamlining, to improve its operational efficiency.
More about Zhuguang Holdings Group Co., Ltd.
Zhuguang Holdings Group Co., Ltd. is a company incorporated in Bermuda, focusing on urban redevelopment projects. It operates in the real estate industry, providing services related to property development and management.
Average Trading Volume: 2,759,850
Technical Sentiment Signal: Sell
Current Market Cap: HK$725.8M
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