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Skyfame Realty (Holdings) Ltd ( (HK:0059) ) has issued an update.
Skyfame Realty announced the adjournment of its winding-up petition hearing to February 2025 due to administrative reasons. Despite efforts to secure funding for restructuring, the company has been unable to overcome its financial difficulties amid China’s sluggish real estate market, leading the board to determine that restructuring is no longer viable. As a result, the board will not oppose a winding-up order, which is considered in the best interest of its creditors.
More about Skyfame Realty (Holdings) Ltd
Skyfame Realty (Holdings) Limited is a company in the real estate industry, focused on property development and investment. The company operates primarily in the Chinese real estate market, which has recently been experiencing sluggish conditions.
YTD Price Performance: 20.0%
Average Trading Volume: 6,439,908
Technical Sentiment Consensus Rating: Buy
Current Market Cap: HK$101.4M
Find detailed analytics on 0059 stock on TipRanks’ Stock Analysis page.
