Skyfame Realty Faces Potential Leadership Reshuffle Amid Restructuring

TipRanksFeb 14 16:39

SKYFAME REALTY (00059): Low and insufficient funding levels have prevented the year-end audit work from being conducted.

Jinwu Financial News | SKYFAME REALTY (00059) announced that due to liquidity pressures and deteriorating financial conditions, the group has significantly reduced its workforce by approximately 30% each year over the past two years. The low level of cash and cash equivalents held by the group is being used to maintain its basic Operation activities. Given the low and insufficient level of funds, the group has been unable to maintain several services, including but not limited to the year-end audit work conducted by its auditor and other related professional consultants for the year ending December 31, 2024, thus failing to release annual performance as required by the listing rules.

Jingwu Financial NewsFeb 11 17:17

Skyfame Realty Faces Audit Delays Amid Financial Struggles

TipRanksFeb 11 17:11

SKYFAME REALTY (00059.HK) was unable to maintain auditing services due to low cash levels.

SKYFAME REALTY (00059.HK) announced that the low level of cash and cash equivalents held by the group is being used to maintain its basic Operation activities. Due to the low and insufficient level of funds, the group has been unable to maintain certain services, including but not limited to its auditors and other related professional consultants to carry out the annual audit work as of the end of last December, thus failing to release the annual results according to the timeline required by the listing rules.

AASTOCKSFeb 11 16:38

Court Adjourns Skyfame Realty's Winding-Up Petition to Feb. 20

MT NewswiresFeb 7 14:30

On February 7, Gronghui reported that SKYFAME REALTY (0059.HK): The Chief Justice of the Commercial Court of the Supreme Court of Bermuda has postponed the hearing of the company's winding-up petition to be heard on February 20, 2025 (Thursday) (Bermuda t

On February 7, Gronghui reported that SKYFAME REALTY (0059.HK): The Chief Justice of the Commercial Court of the Supreme Court of Bermuda has postponed the hearing of the company's winding-up petition to be heard on February 20, 2025 (Thursday) (Bermuda time).

Gelonghui FinanceFeb 7 09:06