China South City Holdings Limited (HK:1668) has released an update.
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China South City Holdings Limited, facing a net loss and significant debt concerns, has prepared their 2023 Annual Report on a going concern basis, with the Audit Committee agreeing on the management’s plans to resolve the debt issues. The Board remains confident in their ability to maintain operations and manage financial obligations for the next 12 months. Shareholders and investors are advised to be cautious when dealing in the company’s securities.
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