Xinming China Holdings Implements Measures to Improve Financial Stability
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Xinming China Holdings Limited (HK:2699) has announced measures to improve its financial stability, including negotiating with lenders to extend repayment schedules and reduce financial burdens. The company raised approximately HK$78.3 million through a Rights Issue, partially used for debt repayment. The latest analyst rating for its stock is a Sell with a price target of HK$0.50. Xinming China Holdings focuses on managing financial operations and addressing liquidity challenges, with a current market cap of HK$46.5M.
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