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An update from Glory Sun Land Group Limited ( (HK:0299) ) is now available.
Glory Sun Land Group Limited has provided a quarterly update on its efforts to resume trading on the Hong Kong Stock Exchange, following a suspension due to financial uncertainties. The company is actively negotiating with lenders and creditors to address issues related to defaulted borrowings and bonds, aiming to reach alternative settlement arrangements. Despite ongoing legal proceedings and enforcement orders, the management is working to maintain constructive communication with stakeholders to avoid asset liquidation and explore new funding opportunities.
More about Glory Sun Land Group Limited
Glory Sun Land Group Limited operates in the real estate industry, focusing on property development and investment. The company is involved in managing and developing residential, commercial, and industrial properties, primarily in Hong Kong and Mainland China.
Technical Sentiment Signal: Sell
Current Market Cap: HK$11.58M
For a thorough assessment of 0299 stock, go to TipRanks’ Stock Analysis page.