tiprankstipranks
Trending News
More News >

Chiho Environmental Group Announces Subsidiary Deconsolidation Amid Operational Challenges

Story Highlights
Chiho Environmental Group Announces Subsidiary Deconsolidation Amid Operational Challenges

Confident Investing Starts Here:

An update from Chiho Environmental Group Limited ( (HK:0976) ) is now available.

Chiho Environmental Group Limited announced the deconsolidation of certain subsidiaries due to loss of control and inability to access necessary records and management. This decision follows unsuccessful attempts to resolve issues with the subsidiaries’ management and legal actions taken against irregularities. The deconsolidation will significantly impact the company’s financial statements for the year ended December 31, 2024, resulting in a one-off loss and changes in asset and liability reporting.

More about Chiho Environmental Group Limited

Chiho Environmental Group Limited is engaged in the recycling industry, focusing on resources recycling such as mixed metal, end-of-life vehicles, waste electrical and electronic equipment, and wasted lubricant oil. The company operates in Asia and Europe.

YTD Price Performance: -1.04%

Average Trading Volume: 961,674

Technical Sentiment Consensus Rating: Strong Buy

Current Market Cap: HK$762.4M

See more insights into 0976 stock on TipRanks’ Stock Analysis page.

Disclaimer & Disclosure

Looking for a trading platform? Check out TipRanks' Best Online Brokers guide, and find the ideal broker for your trades.

Report an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1