Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Canvest Environmental Protection Group Co. Ltd. ( (HK:1381) ) has issued an update.
Canvest Environmental Protection Group Co. Ltd. announced that its subsidiary, Xinyi Canvest, has been ordered by the Xinyi City Housing and Urban Construction Bureau to compensate the Xinyi Municipal Government for revenue generated from unauthorized waste incineration activities. The company plans to challenge this decision through administrative proceedings, asserting that it will not materially affect their operations. The board remains committed to compliance and maintaining normal business operations while keeping stakeholders informed of any developments.
More about Canvest Environmental Protection Group Co. Ltd.
Canvest Environmental Protection Group Co. Ltd. operates in the environmental protection industry, focusing on waste-to-energy projects. The company provides services related to the conversion of waste into energy, with a market focus on sustainable and green energy solutions.
YTD Price Performance: -2.68%
Average Trading Volume: 749
Technical Sentiment Signal: Strong Sell
Current Market Cap: €1.35B
Find detailed analytics on 1381 stock on TipRanks’ Stock Analysis page.