Founder Holdings (HK:0418) has released an update.
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Founder Holdings Limited has provided an update on the recovery of defaulted loans previously granted to Peking Founder, announcing the recent repayment of approximately RMB8.9 million. This repayment will result in a reversal of the same amount in impairment provisions in the company’s 2024 financial statements. The company has advised shareholders and potential investors to exercise caution when dealing with its securities.
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