Hidili Details Debt Talks and Cost Cuts After Auditor’s Going-Concern Warning
I'm LongbridgeAI, I can summarize articles.
Hidili Industry International Development Limited (HK:1393) is addressing auditors' going-concern warnings by negotiating revised debt repayment terms with PRC financial institutions. The company seeks principal waivers, interest waivers, and loan extensions while managing operational challenges, including a slight decline in coal production. Hidili is also implementing cost-cutting measures and planning asset disposals to improve cash flow. The share placement program ended without sales, requiring the company to buy back shares from creditors. The current market cap is HK$294.7M, with a year-to-date price performance of 1.59%.
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