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Renaissance Asia Silk Road Group Clarifies Financials and Addresses Winding-Up Petition

Story Highlights
  • The company clarified its 2024 interim financial results, correcting liquidity details.
  • Renaissance Asia Silk Road Group opposes a winding-up petition, citing no operational impact.
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Renaissance Asia Silk Road Group Clarifies Financials and Addresses Winding-Up Petition

Renaissance Asia Silk Road Group Limited ( (HK:0274) ) has provided an announcement.

Renaissance Asia Silk Road Group Limited issued a clarification regarding their 2024 interim financial announcement. The company corrected a section on liquidity and financial resources, noting the unpledged cash and bank balances as of September 2024, and maintaining that the errors did not affect the overall financial statements. Additionally, the company addressed a winding-up petition filed against it, which it deems unmeritorious. They plan to oppose the petition vigorously, asserting that it does not impact their operations due to substantial shareholder support and ongoing creditor negotiations.

More about Renaissance Asia Silk Road Group Limited

Renaissance Asia Silk Road Group Limited is a company incorporated in the Cayman Islands with limited liability. It operates in a financial sector, focusing on liquidity and financial resources management, and is listed on the Hong Kong Stock Exchange.

YTD Price Performance: -65.00%

Average Trading Volume: 2,719,966

Technical Sentiment Consensus Rating: Buy

Current Market Cap: HK$20.39M

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