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Chinlink International Holdings Limited ( (HK:0997) ) has provided an update.
Chinlink International Holdings Limited announced a supplemental update to its 2024 Annual Report, revealing a significant impairment loss on its financial receivables. Specifically, the company reported an impairment loss of approximately HK$38.3 million on loan receivables and HK$27.1 million on factoring receivables under the expected credit loss model for the fiscal year ending March 31, 2024. This announcement highlights the financial challenges faced by the company, particularly with loans extended to Shaanxi Gun Shi Xin Tian Di Cultural Investment Company Limited and Shaanxi Long Yuan Landscaping Engineering Company Limited, which contributed significantly to the impairment figures.
More about Chinlink International Holdings Limited
Chinlink International Holdings Limited is a company incorporated in Bermuda, operating with a focus on providing financial services and solutions. It is listed on the Hong Kong Stock Exchange and is involved in various financial activities, including loan and factoring services.
YTD Price Performance: 15.00%
Average Trading Volume: 566,451
Technical Sentiment Consensus Rating: Buy
Current Market Cap: HK$26.89M
See more insights into 0997 stock on TipRanks’ Stock Analysis page.
