FIRST CREDIT (08215) issued an announcement. Following the publication of the previous announcement, the company continues its efforts...
Zhitong Finance App News, FIRST CREDIT (08215) issued an announcement. Following the publication of the previous announcement, the company continues to make efforts to communicate with the Securities Regulatory Commission and respond to its questions in order to resume stock trading as soon as possible. The company's application for resumption of trading is still pending approval, and the company is unable to provide any specific schedule for resuming trading at this stage. The company and its legal representatives will closely follow up on this matter.
The Group continues to focus on its money lending business and maintains its loan portfolio.
Due to the global economic downturn and sluggish market sentiment, the business environment for many Hong Kong, China is difficult. Some of the Group's customers also faced financial difficulties and liquidity problems, which reduced their ability to repay. The above types posed challenges to the Group's business and increased the Group's loan business risks. The Group will therefore continue to evaluate its risk management measures and ensure an appropriate balance between return and risk over the long term. To maintain its loan portfolio, the Group will continue to take a careful and cautious approach, particularly during the loan evaluation and approval process. The Group will also closely monitor the repayment status of its loan portfolio and assess clients' ability to repay.
Trading of the company's shares continues to be suspended.