Zhuguang Holdings Moves to Ease Liquidity Strain and Clean Up Balance Sheet

Zhuguang Holdings Group Co., Ltd. ( (HK:1176) ) just unveiled an update.

Zhuguang Holdings Group has outlined a series of measures implemented since the publication of its 2024 annual report to alleviate liquidity pressure and address the auditor’s disclaimer of opinion. The Group has been engaging lenders on more than HK$3 billion of outstanding loans to avoid immediate repayment demands, while securing a commitment from controlling shareholder Rong De to continue financial support for at least twelve months from year-end 2024 and to defer repayment of amounts owed to it over the same period. The company is also negotiating refinancing with seven lenders for borrowings maturing within a year and exploring additional credit lines, amid signs of operational progress, including over HK$47 million collected and more than HK$53 million of new contracts secured from urban redevelopment projects in the eleven months to 30 November 2025, alongside workforce reductions that cut headcount from 642 to 535. In a key balance sheet move, Zhuguang has agreed to sell a 29.50% stake in Main Board-listed Silver Grant International Holdings Group Limited to Rong De for about HK$81.6 million, to be settled by offsetting an equivalent shareholder loan; subject to shareholder approval at a special general meeting on 15 January 2026, the transaction will extinguish that loan without using cash, improving gearing and debt-to-equity ratios, simplifying the capital structure, and potentially enhancing the Group’s access to capital markets to support its core business.

The most recent analyst rating on (HK:1176) stock is a Sell with a HK$0.06 price target. To see the full list of analyst forecasts on Zhuguang Holdings Group Co., Ltd. stock, see the HK:1176 Stock Forecast page.

More about Zhuguang Holdings Group Co., Ltd.

Zhuguang Holdings Group Company Limited is a Hong Kong-listed property group whose operations include urban redevelopment projects, with revenue streams tied to project collections and new contract wins in the real estate redevelopment sector. The Group relies on bank and other borrowings, as well as support from its controlling shareholder Rong De, to fund its operations and manage liquidity within a highly leveraged property market environment.

Average Trading Volume: 1,593,024

Technical Sentiment Signal: Strong Sell

Current Market Cap: HK$424.8M

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