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China Sinostar Group Implements Measures to Alleviate Liquidity Pressures

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China Sinostar Group Implements Measures to Alleviate Liquidity Pressures

Confident Investing Starts Here:

China Sinostar Group Company Limited ( (HK:0485) ) has provided an announcement.

China Sinostar Group Company Limited has implemented several measures to address liquidity pressures and a disclaimer of opinion on its financial statements for the year ended 31 March 2024. These measures include the withdrawal of a winding-up petition, negotiating extensions for borrowings and bonds, securing financial support from its immediate holding company, and exploring fundraising opportunities. The company is also tightening cost controls to improve profitability and cash flow.

More about China Sinostar Group Company Limited

Average Trading Volume: 85,825

Technical Sentiment Signal: Hold

Current Market Cap: HK$30.01M

For detailed information about 0485 stock, go to TipRanks’ Stock Analysis page.

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