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Magnus Concordia Group Limited ( (HK:1172) ) has issued an update.
Magnus Concordia Group Limited announced measures to address a disclaimer of opinion from its auditor regarding the company’s ability to continue as a going concern. The company is actively pursuing refinancing options, potential disposal of investment properties, and enhancing operational efficiency to improve its financial position and liquidity. These efforts are part of a broader strategy to optimize asset utilization and ensure long-term sustainability.
More about Magnus Concordia Group Limited
Magnus Concordia Group Limited is an investment holding company engaged in property development, manufacturing and trading of printed products, property investment, and treasury business. The company operates primarily in Mainland China and Hong Kong.
Average Trading Volume: 1,245,065
Technical Sentiment Signal: Hold
Current Market Cap: HK$127.1M
See more data about 1172 stock on TipRanks’ Stock Analysis page.