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The latest update is out from CIFI Holdings (Group) Co ( (HK:0884) ).
CIFI Holdings has announced a series of restructuring efforts in response to the challenges faced by the PRC real estate market downturn. These efforts include issuing mandatory convertible bonds, adopting a share award scheme, and increasing authorized share capital. The restructuring aims to address the company’s deteriorating financial position, which has resulted in substantial losses over the past two years, and to sustain its capital structure amidst limited funding sources.
More about CIFI Holdings (Group) Co
CIFI Holdings (Group) Co. Ltd. is a property developer primarily engaged in property development, property investment, and property management services in the People’s Republic of China (PRC). The company has been significantly impacted by the downturn in the PRC real estate market, which has affected its financial position and operations.
Average Trading Volume: 26,960,134
Current Market Cap: HK$2.33B
Learn more about 0884 stock on TipRanks’ Stock Analysis page.