China Cultural Tourism and Agriculture Group Ltd. Pursues Loan Renewals and Asset Disposals to Address Liquidity Challenges

Reuters
Jul 31
China Cultural Tourism and Agriculture Group Ltd. Pursues Loan Renewals and Asset Disposals to Address <a href="https://laohu8.com/S/LQDT">Liquidity</a> Challenges

China Cultural Tourism and Agriculture Group Ltd. has provided an update on its ongoing efforts to address its financial challenges. The company is actively engaging with domestic lenders to renew and extend existing loans as part of its strategy to mitigate liquidity pressure. Additionally, the group is exploring potential asset disposal opportunities to enhance liquidity. The company's board of directors is focused on resolving the disclaimer of opinion issued by its auditor concerning the company's going concern status. Further announcements will be made as substantial progress is achieved, in line with stock exchange regulations.

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