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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.
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