GLORIOUS PPT H (00845) Reports Over 15,000 Square Meters of Property Units Sold and Delivered in First Half of 2025

Stock News
Oct 15

GLORIOUS PPT H (00845) announced that, as of June 30, 2025, the total built-up area of property units sold and delivered by the group exceeded 15,000 square meters during the six-month period. The group's property sales were primarily driven by 12 projects located in Shanghai, the Yangtze River Delta, the Bohai Rim, and Northeast China. The group will continue to focus on the construction, sale, and delivery of its property projects and will seek to lease and sell office buildings and retail spaces. Meanwhile, to alleviate the group's liquidity pressure and improve its debt structure, the group has been actively negotiating with multiple lenders regarding the renewal and extension of bank loans and credit financing, and has been in talks with various financial institutions to secure operational funding and explore diverse financing options for the foreseeable future. The company’s shares remain suspended from trading.

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