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Central China Real Estate ( (HK:0832) ) has provided an update.
Central China Real Estate Limited has provided a business update addressing its ongoing financial challenges and efforts to resolve a disclaimer of opinion on its financial statements. The company has completed due diligence and is formulating a restructuring plan for its offshore debts, while also negotiating the extension of borrowings and seeking additional financing. Despite implementing measures to boost property sales, the company has faced a significant decline in contracted sales due to weak market conditions and consumer expectations.
More about Central China Real Estate
Central China Real Estate Limited operates in the real estate industry, focusing on the development and sale of residential properties. The company is primarily engaged in the Chinese market, where it aims to capitalize on urbanization and housing demand.
Average Trading Volume: 737,516
Current Market Cap: HK$300.9M
For an in-depth examination of 0832 stock, go to TipRanks’ Overview page.