Shanghai XNG Holdings Limited Implements Strategic Measures to Address Financial Challenges
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Shanghai XNG Holdings Limited (HK:3666) is taking strategic measures to tackle financial challenges, including negotiating new borrowings, refinancing loans, and exploring equity fundraising. The company is also implementing cost controls and rebranding to align with consumer trends. These efforts aim to stabilize its financial position and ensure continued operations in the hospitality industry, focusing on establishing new dining venues in trendier locations. Current market cap is HK$95.6M with an average trading volume of 6,173,119.
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