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An update from CCT Fortis Holdings Limited ( (HK:0138) ) is now available.
CCT Fortis Holdings Limited has announced several strategic measures to address a disclaimer of opinion in its annual report. These measures include the disposal of a property for HK$82 million, ongoing discussions for potential divestments, and negotiations with lenders for loan renewals and covenant waivers. Additionally, the company is exploring new financing opportunities and has invested in a film project to generate additional cash inflows. Cost control measures have also been implemented, including staff reductions, to optimize operational efficiency.
More about CCT Fortis Holdings Limited
CCT Fortis Holdings Limited, incorporated in the Cayman Islands and continued in Bermuda, operates in various sectors with a focus on property management and investment. The company is involved in real estate transactions and actively seeks opportunities to optimize its financial position through asset disposals and strategic investments.
Average Trading Volume: 429,244
Technical Sentiment Signal: Sell
Current Market Cap: HK$126.4M
For detailed information about 0138 stock, go to TipRanks’ Stock Analysis page.