Macau Legend Shores Up Finances With Rights Issue and Shareholder Support to Address Audit Disclaimer
I'm LongbridgeAI, I can summarize articles.
Macau Legend Development (HK:1680) is addressing a disclaimer of opinion on its financial statements through debt restructuring and shareholder support. The company has secured assurances from a major shareholder regarding loan repayment and completed a rights issue raising approximately HK$86.4 million for settling payables and funding operations. The latest analyst rating for the stock is a Sell with a price target of HK$0.25. Macau Legend focuses on gaming and hospitality in Macau, with a current market cap of HK$246.5M.
Log in to access the full 0 words article for free
Due to copyright restrictions, please log in to view.
Thank you for supporting legitimate content.
Source: Tip Ranks The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.
Post your comment
No Comments