China South City Holdings Limited (HK:1668) has released an update.
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China South City Holdings Limited has announced a further delay in the payment of its final dividend for the fiscal year ending March 2023, now scheduled for on or before December 31, 2025. The delay is due to financial difficulties following an offshore debt default, prompting the company to seek external financing, enhance sales efforts, and explore asset disposal to improve cash flow. Investors are advised to exercise caution when dealing with the company’s securities.
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