Skyfame Realty Faces Ongoing Trading Suspension Amid Restructuring Efforts and Delayed Financial Reports

Reuters

Jul 01

Skyfame Realty Faces Ongoing Trading Suspension Amid Restructuring Efforts and Delayed Financial Reports

Skyfame Realty (Holdings) Limited, currently under provisional liquidation for restructuring purposes, remains in a state of trading suspension on the Hong Kong Stock Exchange. Trading in the company's shares has been halted since April 1, 2025, due to delays in publishing its 2024 Annual Results. The company has released a quarterly update, advising shareholders and potential investors to exercise caution when dealing with its shares. The update outlines the ongoing restructuring efforts and the suspension of trading, as the company continues to address its financial challenges. The board, led by Chairman Liang Zhenjie, comprises both executive and independent non-executive directors, who are managing the situation under the guidance of provisional liquidators. Skyfame Realty's principal operations include property development, investment, management, and commercial services in youth community projects.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Skyfame Realty (Holdings) Limited published the original content used to generate this news brief on June 30, 2025, and is solely responsible for the information contained therein.

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