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Sunshine 100 China Holdings Ltd. ( (HK:2608) ) has provided an update.
Sunshine 100 China Holdings Ltd has announced an update regarding the substantial disposal of a 70% equity interest in Chongqing Sunshine 100 Real Estate Development Co., Ltd. The company is addressing debt repayment issues and funding requirements for its development projects through a series of restructuring steps, including the formation of a limited partnership with various entities. This move aims to provide the necessary capital and loans to complete development projects and repay creditors, with minimal impact on Sunshine 100’s financial statements.
More about Sunshine 100 China Holdings Ltd.
Sunshine 100 China Holdings Ltd is a company incorporated in the Cayman Islands, primarily involved in real estate development projects in China. The company focuses on residential and commercial properties, operating within the Chinese real estate market.
YTD Price Performance: -20.0%
Average Trading Volume: 1,473,709
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: HK$40.81M
For an in-depth examination of 2608 stock, go to TipRanks’ Stock Analysis page.
